Weekly Issue Archive

News Analysis

ABS

  • SCI In Conversation Podcast: Darrell Purcell, S&P Global Ratings

    We discuss the hottest topics in securitisation today...

    In this episode of the SCI In Conversation podcast, we explore how securitisation is emerging as a key funding tool for digital infrastructure assets, including data centres and fibre networks. SCI ABS Markets editor Selvaggia Cataldi speaks with Dar...

  • CLO equity market reawakens as post-tariff bids strengthen

    Poh-Heng Tan from CLO Research provides BWIC highlights on quality US BSL CLO equity tranches traded

    Typically, over US$1 billion of US CLO equity notional is put on BWIC following payment dates each quarter. However, equity BWIC activity has been very limited since mid-April 2025. With loan prices recovering to levels close to those seen before L...

  • MSP rides back-leverage wave in £350m funding line from JP Morgan and Pollen Street

    Deal comprises £200m securitisation facility and £150m provided by private debt manager

    JP Morgan and private capital manager Pollen Street provided a combined £350m funding line for UK property development and bridging finance business MSP Capital in early May. The transaction is the latest example of private debt’s...

  • Pemberton pushes into NAV and GP lending amid PE gridlock

    Firm leverages liquidity solutions to bridge gaps in frozen exit environment

    Private equity’s long-awaited rebound has yet to materialise in 2025. In the face of this stagnation, Pemberton Asset Management is leaning into a fund finance strategy based on fund-level financing and GP-level financing, offering innovati...

SRT Market Update

Capital Relief Trades

  • New jurisdiction

    South African SRT imminent

    Landmark deal A large South African bank is closing in on its inaugural SRT transaction. The bank can’t yet be named because the deal is currently in front of the local regulator, with the Bank hoping to distribute the junior notes as ear...

  • Inaugural trade

    PKO Bank Polski and CRC complete SRT deal

    PKO Bank Polski has completed its first synthetic securitisation with Christofferson, Robb & Company (CRC). The deal references a portfolio of corporate loans valued at PLN 1,892.3m. Further breakdown of the agreement includes the transfer...

News

ABS

  • Moody's flags risks to stable SME ABS outlook amid trade and climate pressures

    German and French SME ABS collateral outlook turns negative, but sector seen as resilient for now

    Moody’s has reaffirmed its broadly stable credit outlook for European SME ABS, although persistent trade frictions, shrinking agricultural subsidies and climate-related risks could challenge the sector’s performance in the lon...

  • 2025 shaping up as big year in storm recovery ABS

    Numerous deals and utilities line up

    In excess of US$4bn of storm recovery ABS bonds will be sold in the second half of 2025 from five or more different utilities, say well-placed market sources. The ravages of 2024’s Hurricane Helene has sent utilities in both North Carolin...

  • Growing opportunities

    New SRT markets demand early regulatory dialogue Cadwalader states

    Scandinavia, Greece and Eastern Europe are among the growing and emerging jurisdictions set to take the spotlight this year, with multiple new deals expected to come to market. Issuing an SRT, however, doesn't go without challenges as banks must br...

  • SRT allocation

    US pension backs Arrowmark with $225m as SRT strategies gain traction with LPs

    The $42bn Iowa Public Employees’ Retirement System (IPERS) has backed the synthetic securitisation market at scale, with a $225m allocation to Arrowmark Partners' (Arrowmark) SRT strategy. The risk-sharing mandate, which begun with a $100...

Talking Point

Capital Relief Trades

  • New academic paper supports unfunded SRT

    Call to remove collateralisation obligation in synthetic STS for insurance protections

    A new academic paper shows how highly regulated, well-capitalised and well-diversified (re)insurers increase the stability of the financial system through the mechanism of insurance-based credit risk transfer. Entitled 'Strengthening Financial Stabil...

Market Moves

Structured Finance

  • Job swaps weekly: SAF Group hires md for new ABF strategy

    People moves and key promotions in securitisation

    This week’s roundup of securitisation job swaps sees SAF Group naming the md who will lead its new ABF strategy. Elsewhere, BCLP has appointed a London-based partner in its corporate and finance transactions department, while SMBC has hired...


×