Weekly Issue Archive »

Issue 888 - 9th February

  • News Analysis

    • Alternative assets

      • Structured finance in private capital's pivot to hybrid fundraising

        Growth in CFOs and RNFs driven by ongoing demand from regulated investors

        Hybrid products including rated note feeders (RNF) and collateralised fund obligations (CFO) are growing in prominence, as private capital fund managers look to increasingly tap into demand from insurance investors. But uncertainty remains as to whet...

    • Structured Finance

      • Break in the clouds

        2024 investment opportunities eyed across Europe

        With brighter skies forecast for 2024 as some normalcy returns to the European economy, several interesting pockets of investment opportunities are opening up in the structured finance market. Indeed, the outlook for European ABS in the year ahead is...

  • News

      • Romanian SME boost

        EIB Group and Deutsche Leasing Romania close synthetic securitisation

        The EIB Group and Deutsche Leasing Romania (DLRO), part of the Deutsche Leasing Group, have executed a €335m synthetic securitisation. In terms of structure, the transaction follows the pattern previously set by the EIB Group. Spe...

    • ABS

      • Transition boost

        Climate-focused guarantor eyes emerging markets

        The Green Guarantee Company (GGC), the first-ever climate-focused financial guarantor, is set to boost climate finance in developing countries by providing guarantees for institutional investors buying green loans issued in the private credit market...

    • Structured Finance

      • SCI Start the Week - 5 February 2024

        A review of SCI's latest content

        Last week's news and analysis B note bonanza GSE CRT benefitting from 'bullish technical' Job swaps weekly: M&G lures new cio from Allianz GI People moves and key promotions in securitisation Mortgage modelling Agency MBS could 'e...

      • Latest SRTx fixings released

        Index values indicate tightening in spreads in line with overall risk markets, with improved outlook...

        The latest fixings for the SRTx (Significant Risk Transfer Index) have been released. Spread indexes have tightened compared with January’s fixings (SCI 8 January), mirroring trends seen elsewhere in global risk markets. There have been imp...

    • Capital Relief Trades

      • Economic risk underestimated?

        RWA density study shows downward convergence

        A new Deutsche Bundesbank discussion paper points to a downward convergence of banks’ RWA densities over time after switching to the IRB approach for calculating capital requirements for credit risk. The paper demonstrates that such a conve...

      • Capital velocity

        SRT market update

        With February now well underway, SRT investors repeatedly report a busy start to the year. Describing a context in which increasing volumes are mostly driven by growth and repeat issuance, participants already expect 2024 to be another record year fo...

    • CMBS

      • Non-traditional use

        CMBS temporary housing challenges highlighted

        Some landlords grappling with elevated office and lodging property vacancies in New York City are turning to alternative sources of revenue. The special servicer on the US$77m 315 West 36th Street loan (securitised in the BMARK 2018-B3 and COMM 2018-...

  • Market Moves

    • ABS

      • Navient unveils 'strategic actions'

        Market updates and sector developments

        Navient has unveiled a strategic action plan designed to simplify the company, reduce its expense base and enhance its flexibility, following an in-depth review overseen by the Board over the past several months. The strategic actions include outsour...

    • Structured Finance

      • FCA review spells uncertainty for UK auto ABS

        Market updates and sector developments

        The UK FCA last month announced a review of the historical commission structures across several auto lenders in the UK, with a warning that should widespread misconduct be found, appropriate redress measures will be taken to compensate customers. Whi...

      • Job swaps weekly: Interpath poaches four from EY

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees Interpath Advisory hiring four senior professionals from EY, including a securitisation-focused md. Elsewhere, Sumitomo Mitsui Banking Corporation (SMBC) has hired a new md and d...


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