Issue 918 - 6th September
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News Analysis
- Structured Finance
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SCI In Conversation Podcast: Mike Nowakowski, Conning
We discuss the hottest topics in securitisation today...
In this episode of the SCI In Conversation podcast, SCI US editor Simon Boughey speaks to Mike Nowakowski, md and head of structured products at Conning, about esoteric ABS and both the agency and non-agency MBS markets. Nowakowski discusses what att...
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- Capital Relief Trades
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Region' new heights
Key themes from SCI's recent regional banks webinar
Activity in the US CRT market is picking up, though it is yet to reach the levels that many market participants expected at the start of the year. With a number of regional US banks turning to the space, SCI’s Kenny Wastell hosted prominent...
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- Structured Finance
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SRT Market Update
- Capital Relief Trades
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Oh Canada
SRT market update
Toronto Dominion is reportedly back in market with a repeat issuance of its inaugural trade and programme, which closed in February last year. Like 2023’s deal (TD CRT), the underlying portfolio is backed Canadian and US high yield corpor...
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Lofty heights
SRT market update
LOFT 2024-1, the latest issuance from Deutsche Bank’s established leveraged loans SRT programme, is set to close this month. While SCI understands that the deal has a similar structure to its predecessor, distinctions include a different...
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- Capital Relief Trades
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Market Moves
- ABS
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TGIF terminated as WBS manager
Market updates and sector developments
The control party for TGIF Funding Series 2017-1 has declared a manager termination event, following the failure of the manager - TGI Friday’s (TGIF) - to furnish a report of the independent auditors or back-up manager summarising...
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- Structured Finance
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MV Credit acquisition agreed
Market updates and sector developments
Clearlake Capital Group is set to acquire pan-European private credit specialist MV Credit from Natixis Investment Managers. Founded in 2000 and headquartered in London, MV Credit has US$5.1bn in assets under management and provides tailored fund sol...
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Job swaps weekly: The 'Art' of launching
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees two industry veterans join forces to launch Art Capital, a structured finance advisory business. Elsewhere, Citi has boosted its Oceania operation with a new head of asset-backed securiti...
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- Capital Relief Trades
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US$853m STACR prices
Market updates and sector developments
Freddie Mac has priced the US$853m STACR, designed HQA2, which was reported to be in the market last week. The A1 priced at SOFR plus 125bp, the M1 at SOFR plus 120bp and M2 at SOFR plus 180bp. It will settle next week. Bookrunners are Bank of...
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- ABS
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