Weekly Issue Archive »

Issue 430 - 27th March

  • SCIWire

    • Secondary markets

      • Euro BWICs pick up again

        The European BWIC calendar is picking up again for today and the remainder of this week. As was th...

      • US CLOs refocus

        After a distracted end to last week, the US CLO secondary market is beginning to refocus. The comb...

      • Euro CLOs stay firm

        European secondary CLO market activity has dropped from last week, but pricing levels are staying fi...

      • US CLO buyers hold sway

        US CLO secondary tone remains positive as buyers continue to outweigh sellers. "The market continu...

      • US CLOs trade sideways

        Despite maintaining a broadly positive tone the US CLO secondary market is currently trading sideway...

  • News

    • ABS

      • Credit card issuance starts slowly

        US credit card ABS supply so far this year is half what it was at the same time in 2014, but this is anomalous for US ABS as a whole, as JPMorgan figures put non-card ABS supply at US$46.4bn for the year so far, having only hit US$38.5bn in the same...

    • Structured Finance

      • Euro investors weigh UK opportunities

        European investors are increasingly looking beyond euro-denominated assets in the search for yield. UK pound-denominated ABS is up 69% from last year and accounts for over a quarter of total placed European issuance year-to-date. New lending by cha...

      • SCI Start the Week - 23 March

        A look at the major activity in structured finance over the past seven days

        Pipeline The pipeline saw a variety of deals added last week, including four ILS. There were also five ABS, three RMBS and eight CMBS. The ABS were: US$987m Ally Auto Receivables Trust 2015-SN1; Asset-Backed European Securitisation Transaction Ele...

    • CMBS

      • First Irish CMBS since crisis

        Deutsche Bank is in the market with the first Irish CMBS to be issued since the financial crisis began. €174.98m DECO 2015-Harp has four classes of notes and will be rated by S&P and Moody's, marking the first time Moody's has rated...

    • RMBS

      • Granite call more likely?

        UK Chancellor George Osborne announced in last week's Budget that the UK government would look to sell £13bn of mortgage assets from the bailouts of Northern Rock and of Bradford & Bingley. This amount matches the current outstanding...

  • Job Swaps

    • Structured Finance

      • Bank names team leader

        Miray Muminoglu has joined Barclays' treasury capital markets execution team to head up its long ter...

    • CDO

      • ABS CDO manager switched

        Rabobank International has resigned from its role as the collateral manager for Solstice ABS CDO III...

    • CDS

      • CDS vet moving up

        LCH Clearnet Group has appointed Frank Soussan as global head of CDSClear, effective from 1 July. He...

      • Credit quartet recruited

        Absalon Capital has launched two unconstrained credit strategies, which will be managed by four rece...

    • Insurance-linked securities

  • News Round-up

      • G-fee status updated

        The FHFA's inspector general has released a report stating that, as policy perspectives change, the...

      • CLO refinancing emerging

        After rapid spread tightening in February, CLO spread levels have stabilised over the last two weeks...

    • CMBS

      • Hills sale loss projected

        The US$14.7m The Hills property in Dallas, Texas, has been bid at auction to a high level of US$18.1...

    • Insurance-linked securities

      • ILS budget boost examined

        The UK Chancellor George Osborne's plan to make the country an international hub for ILS (SCI 19 Mar...

    • RMBS

      • HSBC targeted in NCUA suit

        The NCUA has filed suit in federal court against HSBC, alleging the bank violated state and federal...

      • Further MSR sale agreed

        Ocwen Loan Servicing has agreed in principle to sell to Nationstar Mortgage the residential mortgage...

      • SFR vacancies may rise

        Certificate holders of 15 single-family rental securitisations received full payment on the distribu...

      • STACRs see large paydowns

        The M1 bonds of STACR 2014-DN3 and STACR 2014-HQ1 experienced a large paydown in their March remitta...


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