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Issue 973 - 10th October

  • SRT Market Update

    • Capital Relief Trades

      • Greek bank completes SRT with Davidson Kempner

        SRT market update

        CrediaBank has completed a €0.5bn synthetic securitisation referencing performing SME and corporate exposures, SCI learns.   The transaction marks the bank’s second synthetic securitisation (Project Perseus II)...

  • News

    • ABS

      • Auxmoney raises €950m in dual ABS deals

        Lender breaks new ground with largest-ever securitisation funding for a European fintech platform

        European consumer lender auxmoney last month completed its largest-ever capital markets funding spree, raising €950m through two new public securitisations – Fortuna Consumer Loan ABS 2025-2 in Germany and Mila 2025...

    • Asset-Backed Finance

      • Arra Finance acquires Crescent Auto Finance in ABS push

        Subprime auto lender expands origination platform and diversifies capital base ahead of securitisati...

        Arra Finance has purchased Crescent Bank’s auto finance division in a bid to scale its origination platform and diversify funding sources as it gears up to enter the ABS market.   “In preparation for ou...

    • RMBS

      • SEC eyes rule revamp in a bid to revive public RMBS

        'Rare opportunity' for feedback as ABS definitions and disclosure rules are reviewed

        The US SEC has proposed changes to ABS definitions and RMBS asset-level disclosure rules in a bid to reinvigorate the public securitisation market. The Commission last month published a concept release seeking feedback on whether current rules ar...

    • SRTx

      • Latest SRTx fixings released

        Spreads and sentiment retrace

        The latest SRTx fixings suggest that the current market environment and outlook for the SRT sector is characterised by a retracement and compression in spreads, with sentiment now described as “incredibly more favourable.” This...

  • Talking Point

    • CLOs

      • European CRE CLOs set for growth as transitional real estate financing evolves

        Stabilising rates and the rise of non-bank lenders are setting the stage for European CRE CLO boom

        European commercial real estate markets are showing tentative signs of recovery as interest rates stabilise, prompting renewed appetite for structured financing. According to a new ‘Demystifying Credit’ report from Morningstar D...

  • Market Moves

    • Structured Finance

      • Job swaps weekly: Orrick and Cadwalader ring the changes

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees Orrick hiring 37 CLO and asset-backed lending lawyers from Cadwalader, Wickersham & Taft, including 10 partners. Cadwalader, in turn, has elected a trio of securitisation lawyers...


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