Issue 946 - 4th April
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News Analysis
- CMBS
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SCI in Focus: Securitisation and private credit in lockstep for Europe's data centre future
Experts weigh in on public versus private deals, geopolitical risks, Canada-US trade tensions and th...
As Europe's data centre market continues to evolve, industry insiders say the continent will likely emerge as a diversification play alongside the US, with multiple European countries on the radar. Private credit and securitisation are both likely to...
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- Asset-Backed Finance
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SCI In Conversation Podcast: Stephen Usher, BC Partners
We discuss the hottest topics in securitisation today...
In this episode of the SCI In Conversation podcast, SCI associate editor Marta Canini speaks to Stephen Usher, md on the investment credit team at BC Partners, about the evolution of private credit. Usher discusses growing opportunities i...
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- ABS
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ESG securitisation issuance rebounds amid broader market recovery
Soaring 2024 volumes in ESG ABS follow two sluggish years
Europe's ESG securitisation market is showing signs of revival, bouncing back in 2024 after two challenging years for the wider fixed income universe. Total ESG-labelled securitisation issuance reached €5.5bn, up 177% from 2023, accordin...
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- CLOs
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European CLO issuance up year-on-year
March 2025 European CLO issuance increased by approximately 17.67% compared to March 2024 and decrea...
Primary European CLO issuance reached €6.26bn in March, compared to €5.32bn in March of last year and €9.49bn in February 2025. Deal sizes were notably large, peaking at €515m for RRE 8 Loan Management, and sprea...
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Seasoned CLO double-Bs show diverging discount margins
Poh-Heng Tan from CLO Research provides insights on recent secondary trading activity in US BSL CLO ...
As more CLO BB tranches move further beyond their reinvestment periods, secondary market dynamics have begun to reflect a wider divergence in performance and risk pricing. An analysis of double-B bonds more than a year post-RP reveals a broad spect...
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- CMBS
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SRT Market Update
- Capital Relief Trades
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Green SRTs
EIB Group and BBVA sign new SRT
The EIB Group has completed a new synthetic securitisation transaction with BBVA, allowing for 100% green projects. The securitisation is on a portfolio of over €1.4bn in loans to SMEs. BBVA will retain the sen...
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- Capital Relief Trades
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News
- Asset-Backed Finance
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Standardisation key to ABF evolution
Technology driving the 'best outcome' for borrowers
The ability to be nimble is proving to be a competitive edge in the burgeoning ABF market. Participants in a recent SCI webinar on private credit highlighted the important role data and technology are playing in the evolution of this sector. &l...
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- Capital Relief Trades
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PAG concludes fundraising
Asia-focused investment firm plans further expansion in Japan, signalling growing deal pipeline
PAG has concluded fundraising for its third SRT vehicle - PAG BRS Fund III, securing US$1.25bn in total commitments, including co-investments. The fund received strong support from institutional allocators, with commitme...
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- CLOs
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Canyon Partners closes nearly US$1bn CLOs across US and Europe
The latest deals bring the firm's CLO AUM to over US$10.9bn
Canyon Partners has today closed two of its CLOs totaling nearly US$1bn. With these closings, the firm now manages over US$10.9bn in combined CLO AUM through 24 active CLOs. Arranged by Bank of America, Canyon Euro CLO 2025-1 is Canyon's f...
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- Asset-Backed Finance
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Market Moves
- Structured Finance
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Job swaps weekly: KBRA head of CMBS surveillance and research retires
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees KBRA naming a successor to outgoing head of CMBS surveillance and research Roy Chun, who is to retire. Elsewhere, Jefferies has named a new fixed income chief risk...
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- Structured Finance
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