Weekly Issue Archive »

Issue 897 - 12th April

  • News Analysis

    • Capital Relief Trades

      • Skills gap?

        Lack of specialist SRT talent on the market

        The SRT sector is in a period of flux, with many new issuers and new investors entering the market (SCI 28 March). Although supply and demand dynamics are expected to find equilibrium in time, for the moment, there appears to be a skills gap among so...

      • Mr Powell and the banks

        B3E looks set to change, but how will it affect US SRT?

        Few pronouncements by Federal Reserve chairmen have been as eagerly embraced by the financial community as those made by Jerome Powell in early March about prospects for the Basel 3 Endgame (B3E). No one was paying closer attention than banks that ex...

  • SRT Market Update

    • Structured Finance

      • Latest SRTx fixings released

        Tightening in the spread and volatility indexes reflect general firming across the broader markets a...

        The latest fixings for the SRTx (Significant Risk Transfer Index) have been released. Similarly to last month (SCI 6 March), there has been some further incremental tightening in the SRTx Spread Indexes. However and unlike last month’s surv...

    • Capital Relief Trades

      • Sustainable double

        Polish STS SRT completed

        The IFC has closed its second SRT in the Central and Eastern Europe region in under a week (SCI 5 April). Also featuring a sustainability-linked portfolio, the latest transaction marks IFC's first synthetic securitisation with the STS designation. ...

      • Balancing act

        SRT Market Update

        The first quarter was notable for a number of SRT trades referencing investment grade portfolios being executed at very attractive levels (SCI 5 April). While demand arguably exceeded supply, this trend is broadly expected to even itself out during t...

  • News

    • ABS

      • Collectibles offered

        SFS debuts fine art programme

        Sotheby’s Financial Services (SFS) is in the market with its inaugural 144a securitisation. Believed to be the first-ever publicly rated art loan ABS, the US$500m Sotheby’s ArtFi Master Trust Series 2024-1 transaction is backed by...

    • Structured Finance

      • SCI Start the Week - 8 April 2024

        A review of SCI's latest content

        Last week's news and analysis AGL, Barclays ink cooperation agreement New private credit investment platform Blue Owl to form insurance solutions unit Kuvare purchased Directional correlations SRTx mirroring SRT market developments EAR...

      • Wake-up call?

        NCSLT decision spurs documentation improvements

        The Third Circuit’s decision last month that the National Collegiate Master Student Loan Trusts (NCSLT) are ‘covered persons’ under the Consumer Financial Protection Act (CFPA) (SCI 22 March) could potentially impact sec...

  • Market Moves

    • Structured Finance

      • Real estate finance platform formed

        Market updates and sector developments

        Blue Owl Capital has launched a real estate finance strategy with the acquisition of Prima Capital Advisors for the aggregate consideration of US$170m. Jesse Hom, previously global head of real estate credit at GIC, will join Blue Owl to lead the new...


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