Capital Relief Trades
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Latest SRTx fixings released
Shift in liquidity
Undeniably, the political uncertainty which surround the US presidential election has reduced and turned to policy anticipation. With it the dollar strengthened, US stocks reacted positively, and treasury yields moved higher. Such recalibration would suggest and reflect some enthusiasm for pro-growth policies, but also near-term inflation and fiscal uncertainty. The scope and timing of legislative changes under a second Trump presidency remain .......
News 12 December 2024
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Scaling up
AfDB and partners sign agreement for multi-originator synthetic securitisation
The African Development Bank Group (AfDB), together with the Development Bank of Southern Africa (DBSA) as well as key institutional investors including Academy Securities, Africa50, and Newmarket, have signed a Letter of Intent to explore the establishment of a multi-originator synthetic securitisation transaction.
It marks a significant step in the Bank Group’s realization of its vision embodied by .......
SRT Market Update 10 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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SRT: Unlocking opportunities – video
A&O Shearman's Robert Simmons speaks to SCI about th...
Robert Simmons, senior associate at A&O Shearman, speaks to Joe Quiruga about the SRT markets on each side of the Atlantic. Simmons discusses the effect of Basel 3 endgame on Europe and North America, regulatory issues impeding issuance in the European market, the evolving role of lawyers as the SRT space becomes more programmatic, and more.
....... News Analysis 5 December 2024
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Green framework
EIF ramping up sustainable SRTs
Following a recent stream of deal announcements, we catch up with Cyril du Boispean, investment manager at the EIF, to reflect on the financial institution’s bustling and sustainable SRT pipeline.
Late last month, the EIB group announced the completion of three synthetic securitisations, with each displaying and incorporating a green framework. The first announcement highlighted a new collaboration between the .......
News Analysis 5 December 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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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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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