Weekly Issue Archive »

Issue 846 - 26th May

  • News Analysis

    • ABS
      • Democratising higher education

        International student loan expansion targeted

        MPower Financing, a provider of loans for international university students, is pursuing its first securitisation following the closing of a US$150m revolving asset-backed warehouse facility with Goldman Sachs. The business may look to expand its off...

    • CLOs
      • Proactive participation

        CLO manager differentiation eyed

        M&A activity, tiering and the paucity of new collateral are all potential headwinds for CLO managers, especially for smaller players and new entrants. Against this backdrop, proactive CLO management is an increasing differentiator. Current...

    • Capital Relief Trades
      • Ramping up

        SRT returns likely to remain high as supply grows

        Capital relief trade issuance for the first four months of this year has now surpassed deal count for the same period last year, which proved to be an annual record with 87 transactions overall according to SCI data. Meanwhile, 33 deals are in the pi...

  • News

    • ABS
      • SCI In Conversation podcast: Alon Lifshitz, Vesttoo

        We discuss the hottest topics in securitisation today...

        In this episode of the SCI In Conversation podcast, Vesttoo co-founder and chief financial engineer Alon Lifshitz outlines how the insurance-linked securities landscape is evolving from catastrophe bonds to a wider range of structures, bring...

    • Structured Finance
      • SCI Start the Week - 22 May

        A review of SCI's latest content

        Last week's news and analysis Capital squeeze Greater capital requirements for regionals highlights case for CRT Fire sale FDIC moving at faster pace than expected to sell off failed bank assets Holding steady CRT structures unscathed ami...

      • Estimating exposures

        Italian real estate climate risks gauged

        Geographic diversification may be the only saving grace for Italian RMBS and CMBS transactions as the physical impacts of climate change infringe on properties across the country. With temperatures set to breach the 1.5 degree limit within the next f...

    • Capital Relief Trades
      • French SME boost

        BNP Paribas executes financial guarantee

        BNP Paribas and the EIB group have executed a €120m mezzanine guarantee that references a €1.6bn portfolio of French SMEs. The STS SRT is expected to generate new SME financing with a share of it dedicated to green loans.  ...

      • Risk transfer round up-24 May

        CRT sector developments and deal news

        Sabadell is believed to be readying a synthetic securitisation of corporate loans that is expected to close in 2H23. The Spanish bank’s last capital relief trade closed last year with Glennmont and Newmarket and referenced project finance a...

  • Market Moves

    • Structured Finance
      • Debutant bank plots 'social CLOs'

        Sector developments and company hires

        Debutant bank plots ‘social CLOs’A first-of-its-kind investment bank has launched with the goal of driving institutional capital to small businesses and non-profits in the US, positioning ‘social impact’ as a f...

      • Indian MSE ABS fund debuts

        Sector developments and company hires

        Indian MSE ABS fund debutsVivriti Asset Management has launched Vivriti India Retail Asset Fund (VIRAF), a first-of-a-kind ABS fund in India. The fund aims to strengthen the country’s securitisation market and address gender gaps in formal...

      • USAUT noteholders bag successor servicer

        Sector developments and company hires

        USAUT noteholders bag successor servicerKBRA reports that it has received an omnibus amendment, assignment, assumption and consent agreement on each outstanding US Auto Funding Trust (USAUT) securitisation specifying that Westlake Portfolio Managemen...

      • ESG impact disclosure RTS inked

        Sector developments and company hires

        ESG impact disclosure RTS inkedThe three European Supervisory Authorities (ESAs) have jointly submitted to the European Commission draft RTS on ESG impact disclosures for STS securitisations under the Securitisation Regulation (SECR). The amended SEC...

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