Weekly Issue Archive »

Issue 970 - 19th September

  • News Analysis

    • CLOs

      • Palmer Square static triple-A at 93 DM aligns with secondary market

        Poh-Heng Tan from CLO Research provides insight on static primary vs secondary: Palmer Square's 93 D...

        Last week, Palmer Square European Loan Funding 2025-3, a static deal, priced its triple-A tranche at 93 DM with a WAL of around 1.9 years. On Monday, a relatively broad list of seasoned triple-A tranches changed hands; a selected set of benchmark l...

    • Asset-Backed Finance

      • Domino's US$1.32bn refi signals next phase of wholebiz ABS growth

        Pizza chain streamlines cashflows, adds production assets and modernises terms of securitisation, pa...

        Domino’s Pizza closed a US$1.32bn refinancing earlier this month, modernising one of the oldest whole business securitisations to date and signalling continued momentum in the sector, supported by ongoing investor appetite and healthy macro...

      • Institutional surety capital enters fund finance with £120m Investec facility

        First-of-its-kind structure brings insurance balance sheets into subscription lines in the name of s...

        Institutional surety capital has made its debut in fund finance after Investec successfully closed on a £120m facility for Sustainable Development Capital’s (SDCL) article 9 Global Energy Transition Fund (GETF). The deal, announce...

  • SRT Market Update

    • Capital Relief Trades

      • Co-Op CRT

        SRT market update

        A CRT is reportedly in the pipeline, referencing a new asset class of working capital lines extended to cooperatives. Market sources suggest that a large bank is arranging the synthetic transaction on behalf of a smaller, family-owned New York bank. ...

      • Unfunded tranche

        SRT market update

        AIB Group’s latest €2bn mortgage SRT is progressing well, with the transaction reportedly including an unfunded tranche. Through this transaction, the Irish lender expects an uplift in CET1 of approximately 20 basis points. In ot...

  • News

    • Asset-Backed Finance

      • Back leverage, forward flow and convergence: Europe's next ABF frontiers

        SCI webinar spotlights CRE refinancing, origination partnerships and emerging asset classes driving ...

        Yesterday’s webinar ‘Back Leverage, Forward Flow – the New Rules of European ABF,’ brought together industry insiders to discuss how Europe’s ABF market is evolving, ahead of SCI's European A...

    • Capital Relief Trades

      • Prime auto CLN prices

        Debut deal prints inside guidance and is upsized

        Truist Financial Corporation has priced its prime auto CRT transaction – its debut in the market – which was reported to be in the market by SCI last week. The trade, designated TACLN 2025-1, is a three tranche CLN, and the offe...

      • Views from SCI's Regional Bank CRT Forum 2025

        US regional banks embrace CRTs for growth and capital efficiency

        At SCI's Regional Bank CRT Forum 2025 in New York City, industry players gathered to discuss a new reality: CRTs are no longer a niche solution but a strategic imperative. Fueled by the market pressures and regulatory shifts that followed the 2023 ba...

    • CLOs

      • Palmer Square lists first European passive CLO ETF on LSE

        Shortly after debuting on German Xetra platform, Palmer Square has expanded ways investors in Europe...

        Palmer Square has today listed its debut European CLO ETF, the EUR CLO Senior Debt Index UCITS ETF (PCL0), on the London Stock Exchange (LSE) - the first passive Euro-denominated CLO ETF available in Europe, according to the firm. PCL0 tra...

  • The Structured Credit Interview

    • Asset-Backed Finance

      • Art Capital's AJ Storton on the future of back leverage

        New Art Capital partner shares why he's betting on back leverage and how regulation is reshaping opp...

        Newly appointed Art Capital partner AJ Storton tells SCI what drew him to the firm, why back leverage is attracting fresh attention from both lenders and borrowers, and how regulatory shifts such as Basel IV are reshaping opportunities across capital...

  • Market Moves

    • ABS

      • Job swaps weekly: Fasanara hires CLO-focused md and portfolio manager

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees a former Goldman Sachs director joining Fasanara Capital as md and portfolio manager. Elsewhere, Hayfin Capital Management has hired a New-York-based md and head of capital markets, while...


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