Weekly Issue Archive »

Issue 646 - 14th June

  • News Analysis

    • CLOs

      • Alternative structures

        CLO managers seeking greater flexibility

        Managers’ desire for greater flexibility - in order to navigate the current challenging credit conditions – is spurring innovation across the US CLO market. While alternative structures - such as MASCOTs - may have the most stayin...

    • RMBS

      • Releasing potential?

        Equity release mortgages generating interest

        Expectations for the return of meaningful equity release mortgage (ERM) securitisation volumes remain high. Life insurance companies could play a significant role in the development of the sector, as both issuers and investors. Jack Kahan, senior m...

  • News

    • ABS

      • 2018 best post-crisis year for Australia

        RMBS dominates but unsecured ABS growing

        2018 was the best year for Australian securitisation activity since the financial crisis and while issuance is dominated by RMBS, unsecured credit is expected to grow. This was according to panellists at Global ABS who also commented that, although m...

    • Structured Finance

      • SCI Start the Week - 10 June

        A review of securitisation activity over the past seven days

        Market commentary Activity levels have been high across European ABS/MBS and CLOs of late, but last week appeared to be easing up ahead of the Global ABS conference (SCI 5 June). "It's been pretty busy in both primary and secondary over the past c...

      • Slow but steady

        Sentiment around STS warms, although issuance forecasts remain muted, say Global ABS panellists.

        Extention of the STS regime to more asset classes would benefit the European ABS market, according to panellists at Global ABS today. They also shared muted optimism about the next six months for the sector, predicting steady but slow growth. Salim...

    • Capital Relief Trades

      • Risk transfer round-up - 14 June

        CRT sector developments and deal news

        Standard Chartered is believed to have priced a corporate capital relief trade this week. The bank’s last corporate CRT was completed in June 2018. Dubbed Sumeru 3, the US$285m CLN paid 7.70% (see SCI’s capital relief trades datab...

    • CLOs

      • Debut European ESG CLO sealed

        Inaugural transaction sees some structural changes

        Fair Oaks recently priced its debut European CLO, Fair Oaks Loan Funding, backed by an ESG compliant portfolio. Between marketing and pricing, the €332.6m transaction underwent some structural changes, and received a wide range of participat...

  • Market Moves

    • Structured Finance

      • Europe sees 1Q issuance dip

        Sector developments and company hires

        ABS vet nabbed Angelo, Gordon & Co has hired Sunil Kothari as md, responsible for originating and executing on residential and consumer debt investment opportunities across Europe. Kothari reports to TJ Durkin, co-head of structure...

      • Advisor boosts SF expertise

        Sector developments and company hires

        Acquisitions Greensill has acquired receivables securitisation specialist Finacity which will now become a wholly-owned part of Greensill. The move comes shortly after Softbank invested US$800m in Greensill. Finacity’s ceo, Adria...

      • CLO firm boosts originations expertise

        Company hires and sector developments

        CLO firm boosts originations team Monroe Capital has expanded its direct originations team with the addition of seven experienced investment professionals: David Fischer and Nick McDearis in the firm’s Atlanta office; Dan Letizia and Tomm...

      • Law firm expands SF expertise

        Company hires and sector developments

        Clean energy firm names cfo Renew Financial has named Mary Kathryn Lynch cfo, having previously se...


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