Issue 932 - 13th December
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News Analysis
- Asset-Backed Finance
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Hitting high notes
Music IP royalty ABS set to rock in 2025
After a nearly two-year public market hiatus, music IP royalty ABS have experienced a revival - with over US$2.5bn in public deals closing so far in 2024, complemented by activity on the private side during the interim. The public market comeback hig...
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- Capital Relief Trades
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Two's company..
More buyers than ever but less see reg cap trades, says research
While more and more investors have entered the reg cap world in the last couple of years, the sellers, paradoxically, are showing new trades to fewer and fewer buyers, according to new research released this week by New York-based Seer Capital. &am...
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- Asset-Backed Finance
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SRT Market Update
- Capital Relief Trades
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Scaling up
AfDB and partners sign agreement for multi-originator synthetic securitisation
The African Development Bank Group (AfDB), together with the Development Bank of Southern Africa (DBSA) as well as key institutional investors including Academy Securities, Africa50, and Newmarket, have signed a Letter of Intent to explore...
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- Capital Relief Trades
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News
- ABS
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Recovery ABS on fire
Storm recovery bonds price this week, more due early 2025
Ameren Missouri will price a US$476.1m storm recovery bond tomorrow (Tuesday), Southwestern Electric Power (Swepco) is expected to price a US$336m deal on Wednesday, while New York utilities are expected to bring deals early next year as the storm re...
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- Capital Relief Trades
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Santander NA on the road again
Second prime auto CLN of 2024 pricing soon
Santander Bank NA (SBCLN) is expected to price a US$264.317m US prime auto loan CLN tomorrow (11 December), designated SBCLN 2024-B. The reference pool is estimated to be just over US$2.5bn. Joint bookrunners are JP Morgan (structuring) and Santa...
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Scotia back
BNS to return to CRT early in '25 after a year away
Scotiabank is planning a regulatory capital relief trade referencing corporate loans early in 2025, say well-placed market sources. The reference pool will be disclosed, and in the region of US$5bn-US$6bn, they add. There are no details on likely...
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Latest SRTx fixings released
Shift in liquidity
Undeniably, the political uncertainty which surround the US presidential election has reduced and turned to policy anticipation. With it the dollar strengthened, US stocks reacted positively, and treasury yields moved higher. Such recalibrat...
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- ABS
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Market Moves
- Structured Finance
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Job swaps weekly: Dentons elects Europe board members
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Dentons elect new members to its Europe board and hire a new partner in London. Elsewhere, Deutsche Bank has appointed a former Citi executive as lead structurer, while fintech company In...
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- Structured Finance
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