Weekly Issue Archive »

Issue 787 - 1st April

  • News Analysis

    • Capital Relief Trades
      • Positive outlook persists

        Recession remains unlikely

        The war in Ukraine is complicating existing supply chain issues and raising input costs for corporate borrowers just as central banks are set to tighten financial conditions in response to rising inflation. However, pent up demand, rising capital exp...

    • Structured Finance
      • Quality control

        Call for ESG data improvements

        The lack of clear, unified standards continues to constrain the wider adoption of ESG securitisation in the EU. In order to fulfill investor demand for such product, both the quality and quantity of ESG data needs to improve, according to panelists a...

    • CLOs
      • Keeping score

        ESG CLO challenges highlighted

        The role that CLOs can play in the sustainability agenda is becoming increasingly difficult to ignore, given the push towards Article 8 transactions under the SFDR (SCI 21 December 2021). Against this backdrop, a recent study undertaken by Scope Rati...

    • ABS
      • Robotic revolution

        QSR innovation continues to bolster WBS performance

        Issuers of quick-service restaurant (QSR) whole business securitisations adopted a number of strategies to survive the Covid-19 pandemic. As trends towards off-premise dining and delivery continue to produce increased revenue, these strategies are ex...

  • News

    • ABS
      • Guarantee on tap

        WBS liquidity facility replaced

        Assured Guaranty UK (AGUK) has issued a £170m five-year debt service reserve (DSR) guarantee to benefit Yorkshire Water Services, part of the Yorkshire Water group. The guarantee was structured to fit within Yorkshire Water Services&rsq...

      • Cautious optimism

        European ABS/MBS market update

        Following a clear pick-up in activity last week, the European and UK primary ABS/MBS markets have carried over that dynamism into this week. Optimism is, it seems, back on the cards for now. “Well, I think things are much more positive,&a...

    • Structured Finance
      • SCI Start the Week - 28 March

        A review of SCI's latest content

        NPL awards open The submissions period has opened for SCI’s inaugural NPL Securitisation Awards, covering the European non-performing loan securitisation market. The qualifying period is the 12 months to 31 March 2022. Nominations should...

    • Capital Relief Trades
      • Call option pending?

        APAC SRT could be called this year

        Credit Suisse has a scheduled call date this year for a synthetic securitisation that is fully backed by Asia Pacific corporate loans. Capital relief trades backed entirely by Asia Pacific exposures are extremely rare (SCI 11 September 2020). The t...

  • Talking Point

    • Structured Finance
      • How can I manage a thriving CLO platform?

        Dana Carey, cio, MidOcean Credit Partners, explains that managing a successful CLO platform is like assembling a jigsaw puzzle – there are many complex pieces that need to fit together for it to create an efficient, effective and cohesive f...

  • Market Moves

    • Structured Finance
      • Sixth Street establishes structured products business

        Sector developments and company hires

        Sixth Street has announced the formation of a dedicated structured products business to further enhance its capabilities as a strategic capital partner and solutions provider at scale. Sixth Street structured products builds upon the firm’s...

      • First Eagle Investments to acquire Napier Park Global Capital

        Sector developments and company hires

        First Eagle Investments has announced its agreement to acquire leading alternative credit manager, Napier Park Global. The deal is expected to close within the next few months, and will see Napier Park retain its investment and operating autonomy. At...

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