Issue 844 - 12th May
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News Analysis
- Asset-Backed Finance
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A European ecosystem
Continental solar ABS primed for growth
Continental solar ABS is primed for growth as governments and consumers seek energy independence. This Premium Content article investigates. Europe could soon see its first public solar securitisation, after renewable energy firm Enpal ann...
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- Structured Finance
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Meeting of worlds
Opportunities for ABS originators as private and syndicated debt markets converge
Private credit transactions are playing an increasingly prominent role in the structured finance landscape, owing to the continued global growth of the direct lending space. The trend is being reinforced by high-profile entrants into private debt, as...
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- Asset-Backed Finance
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News
- Capital Relief Trades
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Risk transfer return
Deutsche Bank engineers mid-market comeback
Deutsche Bank has finalized a synthetic securitisation of primarily German mid-market corporate credit facilities. Dubbed DARTS 2023-1, the CLN is the bank’s first such first loss significant risk transfer transaction following the...
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TD cancels CRT, say sources
Collapse of First Horizon merger cancels planned reg cap trade
The collapse of the merger between First Horizon and Toronto Dominion Bank (TD) has meant a planned CRT trade by the Canadian bank has been shelved, say sources. TD had intended to execute a synthetic securitization of large corporate loans in June...
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Capital calls hedged
Standard Chartered CRT revealed
SCI understands that Standard Chartered finalized a synthetic securitisation of capital call facilities in March called ‘’Hector’’. The transaction is riding a wave of such trades that picked up significantly i...
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Risk transfer reboot
JP Morgan executes synthetic securitisation
SCI understands that JP Morgan has finalized a synthetic securitisation of capital call facilities. The transaction is the first synthetic risk transfer trade for capital relief purposes from a large US bank after US supervisors brought the US market...
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- Capital Relief Trades
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The Structured Credit Interview
- CLOs
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Best interests
Eric Brown, head of Performance Trust's Institutional Group, answers SCI's questions
Q: Performance Trust announced its entry into the CLO market with the creation of its new CLO trading desk last month (SCI 11 April). What makes now the right time?A: CLOs are something that we’ve been looking into for quite some time now a...
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- CLOs
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Market Moves
- Structured Finance
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Rapid rise in defaults for Gedesco TRS
Sector developments and company hires
Rapid rise in defaults for Gedesco TRSThe ratings on €191.8m of notes issued by Gedesco Trade Receivables 2020-1 have been downgraded in light of the significant and rapid increase in defaults observed in March, following the start of the se...
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- Structured Finance
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