ABS
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Sustainability first
Ryan Jaskiewicz, president of structured finance at Climate First Bank, answers SCI's questions
Q: Climate First Bank, the world’s first FDIC-insured bank dedicated to the environment and sustainability, recently announced its structured finance expansion, with you leading the effort. What motivated this move, and why now?
The Structured Credit Interview 16 December 2024
A: From the beginning, the bank’s original business plan included a factoring and asset-based lending department. These offerings fall under what we now call the structured finance .......
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Job swaps weekly: Dentons elects Europe board members
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Dentons elect new members to its Europe board and hire a new partner in London. Elsewhere, Deutsche Bank has appointed a former Citi executive as lead structurer, while fintech company Intain has lured a structured credit, derivatives and mortgages veteran to its board.
Dentons has elected its European and Italian .......
Market Moves 13 December 2024
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Hitting high notes
Music IP royalty ABS set to rock in 2025
After a nearly two-year public market hiatus, music IP royalty ABS have experienced a revival - with over US$2.5bn in public deals closing so far in 2024, complemented by activity on the private side during the interim. The public market comeback highlights the growing mainstream recognition of music IP as a stable, non-correlated asset class, backed by blue-chip sponsors .......
News Analysis 12 December 2024
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Job swaps weekly: HPS leaders to join BlackRock following acquisition deal
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees HPS Investment Partners’ ceo and governing partners joining BlackRock following the latter’s acquisition of the former. Meanwhile, Pemberton has appointed the former head of the secured funding and ABS team at Alantra as head of origination for its risk sharing strategy, while Encina Lender Finance (ELF) has added two structured credit .......
Market Moves 6 December 2024
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Cruise control: Stable outlook for ABS and MBS in 2025
JP Morgan strategists predict stable European, UK and Austra...
As we approach 2025, strategists at JP Morgan foresee a year of steady performance for the ABS and MBS markets across Europe, UK and Australia. While 2024 set records for issuance volumes, the outlook for 2025 reflects a cautiously optimistic tone amid global uncertainties.
JP Morgan’s research highlights that 2024 was a landmark year, with European ABS issuance .......
News Analysis 5 December 2024
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C-PACE partnership inked
Agreement positions Coventry, CGC for future securitisations
Coventry Structured Investments (CSI) recently joined forces with the Coalition for Green Capital (CGC) to drive over US$1bn in public-private investment to finance C-PACE and clean transportation projects. The green bank will provide a US$100m line of credit to Coventry, leveraging EPA-granted capital to support large-scale clean energy initiatives deployment. The facility is designed to be recycled multiple times .......
News 4 December 2024
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Australian auto ABS accelerates ahead
Australian auto loan ABS thrives on strong performance and p...
The Australian auto loan ABS market has become a cornerstone of the country’s structured finance landscape, distinguished by its unique characteristics and strong performance record. While S&P Global Ratings in a recent in-depth analysis offered insights specifically into the Australian market, Fitch Ratings, in one of its latest press releases, provided a broader perspective, focusing on trends and performance .......
News Analysis 29 November 2024
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Job swaps weekly: Weil names new partners
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Weil Gotshal & Manges promoting three structured finance and derivatives specialists to partner. Meanwhile, Kirkland & Ellis has snapped up a veteran fund finance specialist as partner, while White & Case has made a number of promotions to local partner and counsel.
Weil Gotshal & Manges has promoted three structured .......
Market Moves 29 November 2024
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Job swaps weekly: BBB elevates two to co-chief banking officer
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees The British Business Bank appointing two co-chief banking officers. Meanwhile, Latham & Watkins has poached an experienced White & Case structured credit executive as partner, while Centralis Group has hired a new Ireland Country head.
The British Business Bank has appointed Richard Bearman and Reinald de Monchy as co-chief banking .......
Market Moves 22 November 2024
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Leader of the pack
Digital securitization the star turn in 2024 and the future
News Analysis 21 November 2024
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Robust pipeline
Italian cash SRT market on the rise
Five Italian cash SRT deals closed in the consumer and auto loan space earlier in 2024 (SCI 12 July), and two recent announcements by Stellantis (Auto ABS Stella Loans 2024-2) and CA Auto Bank (A-BEST 25) bring the total to seven confirmed transactions this year for the jurisdiction. Three additional deals – Brignole CO 2024 and Brignole CQ .......
News 20 November 2024
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Variety rules in European ABS
October saw strong momentum in the European and UK ABS and MBS markets, fuelled by diverse issuance
European and UK ABS and MBS markets maintained momentum in October, building on the robust issuance pace set in September, according to monthly European and UK factsheets monitored by SCI.
TwentyFour AM Momentum Bond Fund’s managers state that October witnessed over €17.5bn in ABS and €9.5bn in CLO issuance, pushing the YTD total to over €130bn. Both TwentyFour .......
News 20 November 2024
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Asset migration
Euro mid-market deal flow set to grow
As year-end approaches, the private credit market is poised for continued expansion, with middle-market corporate deals expected to drive much of that growth. Speakers at Morningstar DBRS’ Credit Outlook 2025 in London last week outlined a positive trajectory for the sector, spurred by a global asset migration from public to private markets, maturing private equity portfolios and the overall .......
News 18 November 2024
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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 Climate First Bank has appointed a former 12five Capital veteran as president of its newly-created structured finance division.
Ex-Pemberton Asset Management director Naomi .......
Market Moves 15 November 2024
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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 estate loan exposures to a leading international asset manager’s fund. Both transactions – for which A&O Shearman acted as advisor – signal that partnerships between banks and private credit .......
News 14 November 2024
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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 shares insights into Enpal’s first residential solar securitisation program, which raised €240m, and discusses the company’s strategy, innovative financing methods, and their impact on investors, customers, and .......
News Analysis 14 November 2024
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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, which says it has already saved customers £500m in interest fees since its inception four years ago, seeks .......
News Analysis 14 November 2024
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Job swaps weekly: Ogier snaps up Dublin-based partner
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Ogier hiring a structured finance veteran from Matheson as partner in its Dublin office and promoting a real estate managing associate to partner in its Jersey practice. Meanwhile, Sidley has hired two long standing senior capital markets partners from Latham & Watkins, while Latham & Watkins has made a number of .......
Market Moves 8 November 2024
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Election special
As America goes to the polls and the world watches, US edito...
News 5 November 2024