Complete news archive
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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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Nuveen raises US$413m for second CLO issuance strategy
New fund provides investors with control equity positions in newly issued Nuveen-managed CLOs
Global asset management firm Nuveen has closed its second CLO issuance strategy at US$413m, with capital from public and private pension plans and family offices, the firm announced on Tuesday.
Nuveen’s CLO issuance strategy will provide investors with controlling equity interests in Nuveen's new issue CLOs, the firm said in a statement. It also offers investors access to .......
News 3 December 2024
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SRT Journal: LatAm as the new emerging market
The last of five essays compiled in SCI's inaugural SRT Jour...
Thanks to trailblazing deals issued by Santander, the Latin American (LatAm) SRT market is open for business and is perhaps the sector’s most promising emerging market. Enabled by multilateral development banks (MDBs), Santander has completed at least three transactions in two years with deals in Brazil, Mexico and most recently the SCI Award-winning Project Patagonia transaction in Chile.
News Analysis 2 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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Asset-backed finance: Emerging at pace - video
ARC Ratings' Ashley Thomas speaks to SCI about asset-backed finance
Ashley Thomas, head of structured finance (UK) at ARC Ratings, speaks to SCI's Marta Canini about asset-backed finance (ABF). Thomas discusses what ABF is, the key drivers behind the growing interest in the asset class, comparisons between the European and US markets, and more.
....... News Analysis 28 November 2024
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Strategic alliance
BC Partners Credit joins forces with Piper Sandler
BC Partners Credit, the US$8bn credit arm of global investment firm BC Partners, has formed a strategic alliance with investment bank Piper Sandler to take advantage of an imminent wave of refinancing.
With five-year callable .......
Market Moves 26 November 2024
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Take the highway
Auto loans CRTs make good fit for regionals, but is the end in sight?
News Analysis 25 November 2024
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SRT Journal: A growth market
The fourth of five essays compiled in SCI's inaugural SRT Jo...
Mortgage insurance is as old as the hills, but the provision of financial guarantees or insurance policies on pools of home loans to secure capital relief as a tool of the significant risk transfer (SRT) market is of much more recent vintage. SCI looks at the growth and structural developments in the unfunded mortgage SRT market, but also the .......
News Analysis 25 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