Weekly Issue Archive
News Analysis
Capital Relief Trades
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SRT Journal: Moving parts
The second of five essays compiled in SCI's inaugural SRT Journal explores US regional bank CRT acti...
CRTs are becoming increasingly attractive to US regional banks, having historically remained almost exclusively the preserve of the so-called global systemically important banks (G-SIBs) in the country. Yet a much anticipated wave of issuance in 2024...
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Fund finance milestone
Investec and Ares ink 'first of its kind' subscription lines securitisation
Investec Fund Solutions, the fund solutions arm of Investec Bank, has recently inked a landmark partnership with alternative investment firm Ares Management to launch what is believed to be the first-ever subscription lines securitisation. The bespok...
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Zilch eyes zero-cost credit via ABS
Zilch paves the way for financial inclusion with plans for public ABS and IPO
In a bid to disrupt the revolving debt burden that impacts millions of consumers, London-based fintech Zilch is eyeing the next stage in its ambitious growth strategy with plans to expand its ABS facilities and eventually launch an IPO. The company,...
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SCI In Conversation Podcast: Gregor Burkart, Enpal
We discuss the hottest topics in securitisation today...
In this episode of the SCI In Conversation podcast, SCI's Selvaggia Cataldi speaks to Gregor Burkart, leader of the refinancing division at Enpal, about the company’s recent milestone in Europe’s renewable energy sector. Burkart s...
SRT Market Update
Capital Relief Trades
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Stiff competition
SRT market update
As we approach year-end, tightening spreads continue to raise the eyebrows of many investors across the SRT market. Investors have been particularly vocal about Barclays’ sixth Colonnade deal, which priced last month at SOFR+9.05%, accord...
News
Asset-Backed Finance
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Italian revival
Private credit in real estate finance gaining traction
AXA IM Alts recently acquired a portfolio of Italian real estate loans from an international bank through a securitisation structure, while Société Générale has syndicated another portfolio of Italian real...
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Auto II for Huntingdon
Second auto loan CLN in 2024 for Huntingdon
Huntington Bank last week settled a prime auto loan CLN reg cap trade, referencing a US$4.072bn portfolio. Joint bookrunners were Bank of America and Morgan Stanley (structuring leads) and JP Morgan. Huntington sold US$486.65m into the market in...
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Latest SRTx fixings released
SRTx figures display continuity
With market sources continuing to report a tightening in spreads for new issue trades (repeat benchmark deals from established issuers are seeing bids 100+ basis points tighter than comparable transactions from earlier in 2024), the latest SRTx fixin...
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Ex-Accunia exec to launch Euro CLO equity investment platform
Grane speaks to SCI about building a new London team and seeking investors
Christian Grane, the former head of investments at Accunia Credit Management, is aiming to launch a dedicated European CLO equity investment platform in the second or third quarter of next year. Speaking to SCI, Grane, who left Accunia in...
Market Moves
Structured Finance
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Job swaps weekly: Senior Pemberton CLO exec launches Auctus Strategies
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees a former Pemberton Asset Management director launching her own sustainability consulting business. Meanwhile, Atlas SP has given its interim ceo the role on a permanent basis, while Clima...