Weekly Issue Archive »

Issue 926 - 1st November

  • News Analysis

    • Capital Relief Trades

      • Significant piece of regulation

        The PRA's latest consultation paper introduces consequential developments for the SRT market

        While the Prudential Regulation Authority’s (PRA) latest consultation paper (CP13/24 – Remainder of CRR: Restatement of assimilated law) focuses more broadly on capital requirements, three significant developments for the SRT comm...

    • Whole business securitisations

      • SCI in focus: Hot water

        Thames Water, whole business securitisation and the challenge of debt financing

        Crisis on the balance sheets of the UK’s largest water utility, Thames Water, is exposing major failures of the political, regulatory and financial systems – not whole business securitisation (WBS). In late October, a court date...

    • ABS

      • Blueprint for sustainable growth

        EIF's Jesper Skoglund and Georgi Stoev discuss EIB, EIF, and BPCE's €800m ABS initiative, craf...

        EIB, EIF and BPCE have collaborated on a new €800m financing initiative aimed at driving innovation and sustainability for SMEs. Structured as an ABS transaction, this joint venture is crafted to encourage significant lending to support Euro...

    • CMBS

      • Clean and replenish

        Optimistic outlook for US CRE market is welcome news for CMBS and CRE CLOs

        A rebound in activity in the US CRE market is pointing to brighter times ahead for both CMBS and CRE CLOs. Activity in the CMBS issuance market is a welcome sign after a prolonged down cycle, despite ongoing challenges in office and retail. &ld...

  • SRT Market Update

    • Capital Relief Trades

      • Hitting for six

        SRT market update

        Barclays has reportedly issued its sixth Colonnade deal of the year. The deal references corporate, revolvers and term loans with a 0-8.5% tranche and a 9.05% coupon denominated in USD. One investor compares this to the Nordea corporate deal (SCI...

  • News

    • Capital Relief Trades

      • SCI CRT Awards: North American Law Firm of the Year

        Winner: Mayer Brown

        That Mayer Brown is the most active firm in the North American CRT market today is no surprise. While the uptick in the volume of CRT transactions in North America may be relatively new, Mayer Brown’s role in this market is historic and lon...

      • SCI CRT Awards: Service Provider of the Year

        Winner: Credit Benchmark

        Adoption of Credit Benchmark as a service provider has steadily grown among the SRT community in the last year, with nearing 40 major SRT participants now utilising Consensus Credit Ratings and Analytics to improve their transactional, decision-suppo...

      • SCI CRT Awards: Newcomer of the Year

        Winner: EMX Partners

        (Re)insurer participation in SRT deals has historically been limited to unfunded and non-STS transactions. EMX Partners is SCI’s pick for Newcomer of the Year in this year’s CRT Awards for establishing a platform that combines (re...

      • SCI CRT Awards: Outstanding Contribution to SRT

        Winner: International Association of Credit Portfolio Managers (IACPM)

        The IACPM is SCI’s pick for the Outstanding Contribution to SRT award this year, for being uniquely the voice of the SRT industry. Not only does the association espouse a collaborative and consensus-driven approach to advocacy, its initiati...

  • Talking Point

    • Asset-Backed Finance

      • Yield-seekers' paradise

        Esoteric ABS set to shine amid stable rates and digital surge, say Miami speakers

        Esoteric ABS issuance has surged to represent nearly a third of the US securitisation market so far this year, reaching US$96bn of cumulative volume. At Invisso’s ABS East conference in Miami last week, panellists forecasted strong growth a...

      • C-PACE 'the winner'

        Growing institutional interest, new market frontiers and legislative updates steal the spotlight in ...

        With R-PACE uptake cooling across the US, industry leaders hailed C-PACE as “the winner” at Invisso’s ABS East conference in Miami last week. Panellists referenced a surge in deal volume, new market applications and a wa...

  • The Structured Credit Interview

    • CLOs

      • Tried and true

        Michelle Manuel and Michael Schewitz, portfolio managers at Investec, answer SCI's questions

        Q: What do you look for in a CLO manager?Michelle Manuel: With a 70% US middle market portfolio, we tend to look for managers who we know have been through a number of credit cycles. When we look at Europe, we choose managers we know or are comfortab...

  • Market Moves

    • Structured Finance

      • Job swaps weekly: Linklaters lures four A&O Shearman partners

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees Linklaters hiring four partners from A&O Shearman for its New York office. Elsewhere, the Prytania Solutions team has joined Houlihan Lokey’s structured products valuati...


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