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Issue 884 - 12th January

  • News Analysis

    • Structured Finance

      • Competitive spirit

        'Structural evolution' drives Oceanic auto ABS volumes

        Australian securitisation volumes are this year expected to surpass 2023’s record-breaking highs of A$52.3bn across 77 transactions, primarily due to the country’s budding ABS sector, as well as improved macro conditions for prime...

  • News

    • ABS

      • BNPL boom

        Middle East consumer ABS set for expansion

        The Middle East’s securitisation landscape is poised for expansion as the second local buy now, pay later (BNPL) transaction is unveiled. Coupled with a wave of new legislation and ever-growing interest from foreign investors, the future of...

    • Structured Finance

      • SCI Start the Week - 8 January 2024

        A review of SCI's latest content

        Last week's news and analysis Accretive process Wasif Kazi, structurer at UniCredit, forecasts continued growth in CEE SRT CIFC launches multi-strategy credit fund UCITS fund focused on fixed rate opportunities launched Job swaps weekly: G...

    • Capital Relief Trades

      • Latest SRTx fixings released

        Index values indicate gradual tightening in spreads and improved outlooks for liquidity, as well as ...

        The latest fixings for the SRTx (Significant Risk Transfer Index) have been released. Spread indexes have moved higher compared with December’s fixings (SCI 4 December), particularly in the large corporate space, owing to typical year-end v...

      • Fed smiles on SRT

        Huntingdon and Santander USA get the green light

        The Federal Reserve last month approved CLNs for regulatory capital relief purposes for both Huntingdon Bancshares and Santander USA. In a letter dated December 9, the deputy associate secretary of the board said that Huntingon may calculate its ri...

      • Project finance SRT finalised

        BBVA closes bilateral trade

        BBVA has closed a synthetic securitisation with PGGM referencing a project finance portfolio valued at €750m. The bilateral transaction allows BBVA to release up to 88% of the portfolio's capital.  Of the project...

      • Risk transfer round-up - 12 January

        The week's SRT developments and deal news

        Deal newsEuropejski Fundusz Leasingowy (EFL), owned by Crédit Agricole, has completed a synthetic securitisation with the EIB Group. The transaction is backed by a PLN2bn portfolio of Polish leasing receivables. The EIF guarante...

      • Big buyers

        Five names said to take large bites of JPM SRT whopper

        Five investors are said to absorbed large slugs of the estimated US$20bn synthetic securitisation of multinational corporate revolvers from JP Morgan currently in the market, according to sources. The buyers are said to be Blackstone, DE Shaw, Ares...

  • Talking Point

    • Structured Finance

      • Reaching for the Starz

        Future of European CRE CLO market contemplated

        Despite no new issuance since Starz Realty Capital’s debut in 2021 (SCI 9 December 2021), the underlying message from those closest to the European CRE CLO market is simple: it’s better than the headlines are making it seem. With...

  • The Structured Credit Interview

    • Capital Relief Trades

      • First-mover advantage

        SCI recently asked Georgi Stoev, head of Northern Europe & CEE, Securitisation at the EIF, for h...

        The EIF invested over €3bn in the securitisation market last year, of which €2.8bn was executed in a synthetic format. In terms of jurisdictions, the fund continues to strengthen its engagement across Central and Eastern Europe (CEE...

  • Market Moves

    • Structured Finance

      • Job swaps weekly: All change at Voya as new ceo announced

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees Voya Investment Management announce a successor to retiring ceo Christine Hurtsellers. Elsewhere, Greystone has snapped up an industry veteran as senior md for structured finance, while S...


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