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• Resonance marketed

  SRT market update

  Further details have emerged on Citi Bank’s corporate SRT deal (SCI, 10 May). Sources suggest the spread landed somewhere in the sixes, with the tranche thickness at 0-13%. One tells SCI: “Citi was initially looking to do $500m...

• No endgame in sight

  SRT market update

  Optimism around the wave of US CRT deals expected during Q3 is fading with the outcome of the Basel 3 Endgame still unresolved. Commenting on the matter, one source explains: “At the start of this year people were saying 2024 was it &...

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• Job swaps weekly: Reed Smith snaffles top hire

  People moves and key promotions in securitisation

  This week’s roundup of securitisation job swaps sees experienced structured finance lawyer Jeffrey Stern join Reed Smith as a partner in the Financial Industry Group based in New York. The practice includes CLOs, litigation pre-set...