Weekly Issue Archive »

Issue 923 - 11th October

  • News Analysis

    • Capital Relief Trades

      • How does it end?

        Lawyers discuss how the US' Basel Endgame will be implemented, the implications for the CRT market, ...

        Despite the recent and potentially exponential growth of the US CRT market, regulatory clarity is still out of reach. So how will the Basel Endgame regulation be implemented and when can investors expect to see it? Recent re-proposals from the Fede...

    • Asset-Backed Finance

      • Capital call debut

        SFF securitisation could mark 'the beginning of a new market'

        Goldman Sachs is in the market with what is believed to be the first publicly-rated cash capital call securitisation - the US$475m Capital Street Master Trust Series 2024-1. Synthetic capital call securitisations have been more widely issued to date...

      • Heating up

        Potential for heat-pump-backed ABS in Europe's energy transition

        The wait for Europe’s first public heat pump-backed ABS transaction may soon be over, as the demand for sustainable heating solutions grows amid Europe’s energy transition. Securitisation is proving to be an increasingly integral...

    • CLOs

      • SCI In Conversation Podcast: Volker Gulde, Moody's Ratings

        We discuss the hottest topics in securitisation today...

        In this episode of the SCI In Conversation podcast, SCI head of content Kenny Wastell speaks to Volker Gulde, senior vice president at Moody’s Ratings, about the European market for private credit CLOs. Gulde discusses why the asset class i...

  • SRT Market Update

    • Capital Relief Trades

      • Transactions and tightening

        SRT market update

        New issuers of corporate and project finance SRT in Germany, SME trades from Spain and Greece and an auto trade out of Scandinavia are among the deals coming to market in Q4. SCI understands in particular three of the big four Greek banks (Alpha Ba...

  • News

    • Asset-Backed Finance

      • Flexible financing

        Apollo warehouse loan facility rated

        Further details have emerged regarding the transaction at the core of the recent strategic financing collaboration between Apollo Global Management and BNP Paribas (SCI 27 September). The resultant borrower vehicle, AGF WHCO 2-A Trust, entered into a...

    • Capital Relief Trades

      • Doubling down

        Deutsche Bank finalises two SRT trades

        Deutsche Bank completed two SRT trades in September. The first transaction concerns the well-documented LOFT 2024-1 deal (marking the third issuance from the LOFT platform), which references a US$3bn portfolio of US and European leveraged loans. The...

  • Market Moves

    • Structured Finance

      • Job swaps weekly: KBRA rings the changes

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees KBRA making multiple senior structured finance appointments including a new global head of ABS and RMBS. Elsewhere, a c-suite executive at PACE Funding Group has left the firm and transit...


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