Weekly Issue Archive »

Issue 964 - 8th August

  • News Analysis

    • Asset-Backed Finance

      • SCI In Conversation Podcast: CJ Wei, Northleaf Capital

        We discuss the hottest topics in securitisation today...

        In this episode of SCI In Conversation, CJ Wei, md at Northleaf Capital Partners, sits down with SCI’s ABF editor Marta Canini to discuss how the firm is approaching esoteric and uncorrelated asset classes, from music royalties and litigati...

    • ABS

      • SCI in focus: German megadeal skews first-half ABS volumes

        SCI and AFME data reveals stability beneath headline surge in publicly placed European securitisatio...

        The European securitisation market saw a strong first half to 2025, as publicly placed issuance volumes surged to €167.57bn, according to SCI primary issuance data - a 23% increase on 2H24. However, this headline figure is skewed...

    • CLOs

      • Palmer Square launches debut European CLO ETF

        PCL0 marks the first of a trio of CLO ETFs for European institutional investors

        Palmer Square has launched its first European UCITS CLO ETF, tracking its popular index on senior CLO debt in the region. PCL0 is the first passive Euro-denominated CLO ETF and is benchmarked against Palmer Square’s proprietary EUR CLO...

  • SRT Market Update

    • Capital Relief Trades

      • Milestone capital relief in Singapore

        SRT market update

        PGGM and Standard Chartered have closed an SRT referencing a US$1.5 billion portfolio of trade finance loans to companies across Asia, the Middle East, and Africa. The transaction, the seventh iteration of Standard Chartered’s established...

      • SRT pipeline sees uptick in CRE and RMBS issuance in H2

        SRT market update

        The SRT market is gearing up for a busy second half of the year, with activity expanding into less traditional asset classes like residential mortgages (RMBS) and commercial real estate (CRE) across various jurisdictions. Market participants are an...

  • News

    • ABS

      • Sun King closes US$156m securitisation to power over a million Kenyan homes

        Largest commercial-bank-backed deal outside South Africa highlights securitisation's growing role in...

        Sun King, the world's largest off-grid solar pay-as-you-go firm, has completed a US$156m (KES 20.1bn) commercial-bank-backed deal in Kenya, marking a key milestone in the country’s evolving securitisation market. The deal will provide elect...

    • RMBS

      • UK bridge loan sector primed for public securitisation

        Improvements in loan-level data and structural protections eyed

        The UK bridging loan market appears to be on a continued growth trend. With total outstanding volumes exceeding £10bn by the end of 2024, public securitisations backed by such assets may be on the cards. While private securitisations have...

  • Talking Point

    • CLOs

      • Reset vs non-reset: Equity IRR gap highlights performance divide

        Reset equity tranches have materially outperformed non-reset counterparts in US CLOs, Poh-Heng Tang ...

        This study examines a sample of 570 US CLO equity tranches from the 2017–2022 vintages. Trading colour, such as cover levels or best bids, is used where available. In the absence of such data, the lowest price talk is taken as a proxy.&...

  • Market Moves

    • Structured Finance

      • Job swaps weekly: Aperture names global head of ABF

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees Generali Investments subsidiary Aperture appointing a new global head of asset-based finance. Elsewhere, Encina Private Credit has hired a chief commercial officer and head of origination...


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