Weekly Issue Archive »

Issue 785 - 18th March

  • News Analysis

    • Capital Relief Trades
      • Room to run?

        MDB CRT challenges persist

        A number of challenges continue to constrain multilateral development bank capital relief trade issuance. This Premium Content article investigates whether these obstacles can be overcome. The African Development Bank’s (AfDB) landmark Ro...


  • News

    • ABS
      • Some stabilisation

        European ABS/MBS market update

        The European and UK ABS/MBS markets saw some elements of stabilisation in the last few sessions of last week. Nevertheless, spreads continue to widen in both a very active secondary and a quiet primary space. The secondary market saw its busiest we...

    • Structured Finance
      • SCI Start the Week - 14 March

        A review of SCI's latest content

        ESG event this week SCI’s inaugural ESG Securitisation Seminar is taking place in-person on 16 March at the London offices of Clifford Chance. The event will examine the role that securitisation can play in sustainable finance and the chal...

    • Capital Relief Trades
      • Synthetic RMBS unveiled

        Unicredit reveals capital relief trade

        Details have been revealed of a significant risk transfer transaction that UniCredit and Fidelis finalized in December 2021. The synthetic securitisation is backed by Italian residential mortgages and is the bank’s first SRT to be backed by...

      • Full stack guarantee launched

        Millenium bank executes SRT

        Millenium bank and the EIB group have completed a full stack financial guarantee. The transaction is the first such significant risk transfer trade under the European Guarantee fund (EGF) and will enable the originator to channel PLN4.2bn of financin...


  • Talking Point

    • Structured Finance
      • What makes an efficient CLO manager?

        Phil Raciti, head of performing credit and a portfolio manager at Bardin Hill, explains the key attributes needed to be successful as a CLO manager The CLO asset class operates within a sophisticated construct of arbitrage, leverage, and structural...


  • The Structured Credit Interview

    • CLOs
      • Choice offering

        Rob Reynolds, md and head of CLOs at Pemberton Asset Management, talks to SCI about his new role and...

        Q: You joined Pemberton earlier this month (SCI 1 March). Can you provide an overview of the firm and the new CLO platform? A: Pemberton was founded in 2013 by our managing partner Symon Drake-Brockman, who is still leading the business. At...


  • Market Moves

    • Structured Finance
      • IGLOO SME scheme unveiled

        Sector developments and company hires

        The EIF is supporting the Italian Guaranteed Loan Origination Platform (IGLOO), a new state-backed initiative that aims to provide €170m in opportunities for growth and financing for at least 800 SMEs and mid-caps in Italy. Promoted by Grupp...

      • Barrow Hanley closes inaugural CLO equity fund

        Sector developments and company hires

        Barrow Hanley Global Investors has closed on its inaugural CLO equity fund – the Barrow Hanley CLO Fund I LP. The fund will be managed by the existing alternative credit team and follows the aims of the firm’s strategic partner, P...

      • Equitable Holdings subsidiary to acquire CarVal Investors

        Sector developments and company hires

        Equitable Holdings has announced the acquisition of CarVal Investors by its subsidiary, AllianceBernstein. The agreement to acquire the global private alternative investment manager with US$14.3bn in AUM falls in line with Equitable Holdings&rsqu...



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