Weekly Issue Archive »

Issue 801 - 8th July

  • News Analysis

    • Capital Relief Trades
      • Landmark SRT finalized

        Getin Noble bank launches synthetic ABS

        Getin Noble Bank has completed a PLN 502m (GBP £92m) funded first loss guarantee that references a static portfolio of housing community loans. The transaction is the Polish lender’s first significant risk transfer transaction and...

      • Ready to launch

        Allica Bank ramps up securitisation machine

        Allica Bank has hired Jeremy Hermant as its head of capital markets. The new role will maintain a focus towards securitisation as the UK challenger bank diversifies its capital and funding options. Jeremy Hermant, head of capital markets at Allica...

  • News

    • ABS
      • Pre-summer comeback?

        European ABS/MBS market update

        With one deal pricing, the UK and European ABS/MBS markets reopened this week. As the summer break is fast approaching, issuers will have a short window to come to market. This week, Premium Credit brought a fifth issue from their PCL master trust....

    • Capital Relief Trades
      • WAB trio

        Western Alliance Bank surfaces in CRT market for the third time

        Western Alliance Bank (WAB) has sold another capital relief trade – its third since its debut last year – in the shape of 18 classes of mortgage reference notes designated Western Mortgage Reference Notes Series 2022-CL1 and Serie...

      • Risk transfer round up-6 July

        CRT sector developments and deal news

        Commerzbank is believed to be readying a significant risk transfer transaction that is expected to close in 2H22. The German lender’s last capital relief trade was finalized in December 2020 (SCI 22 January 2021). Stelios Papadopoulos&...

      • Greek SRT debuts

        Piraeus Bank launches first Greek synthetic RMBS

        Piraeus Bank has finalized three financial guarantees, two backed by wholesale loans and one by residential mortgages. The synthetic RMBS is the first in the Greek market. The underlying loan portfolios have an aggregate gross book value of around...

    • RMBS
      • MBS falter

        US MBS issuance set to tumble as refi rates collapse

        There is increasing evidence that US mortgage refinancing is dropping fast, which, in turn, will reduce MBS issuance from the record-breaking volume of 2021. According to data released by Black Knight today (July 6), in the 18-month period starting...

  • Talking Point

    • Structured Finance
      • What is the future of the CRE market?

        Despite the fluctuations in the capital markets this year, European warehouse funding for granular, small and medium balance commercial real estate mortgage loans remains stable, explains Sabah Nawaz, partner, Cadwalader, Wickersham & Taft LL...

  • Market Moves

    • Structured Finance
      • Bluerock introduces new credit fund

        Sector developments and company hires

        Bluerock is set to launch a new CLO interval fund in partnership with WhiteStar, who will serve as sub-advisor, which offers to investors high income and portfolio diversification. Marking the firm’s second interval fund, the ‘Blu...

      • A&M move forward with new development

        Sector developments and company hires

        Alvarez & Marsal’s (A&M) inaugural efforts as sole arranger have secured a breakthrough for Polish bank, Getin Noble Bank (GNB).  A&M financial services served as sole arranger for GNB’s first synt...

      • Arrow Global hires new leader for Finance Servicing Unit

        Sector developments and company hires

        Arrow Global has appointed Reza Atighi as new ceo to its Amersfoort-based Vesting Finance Servicing in the Netherlands. Atighi joins Vesting Finance from Intrum where he served most recently as ceo for the Netherlands and Belgium. Bringing more than...

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