ABS Markets
All Update archive
SCI ABS Markets covers International ABS providing Australian, European and UK ABS, CMBS and RMBS deal-focused news and data. It covers both the primary and secondary markets for such cash securitisations, which are tranched bonds that offer investors notes with different levels of seniority backed by a range of assets or receivables. ABS, or asset-backed securities, reference non-mortgage assets such as: auto loans/leases; consumer loans/credit cards; commercial finance, equipment and transport leases; NPLs; and SME loans. CMBS, or commercial mortgage-backed securities, and commercial real estate CLOs, or CRE CLOs, are backed by commercial mortgages or other commercial real estate assets. RMBS, or residential mortgage-backed securities, are backed by residential loans including: buy-to-let, non-conforming, NPL and Prime mortgages.
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ABS Markets Deal Alert - 26 June, 9.00 UK time
Barossa Asset Purchaser has mandated Barclays and BNP Paribas as co-arrangers, alongside fellow BofA as JLMs for the UK BTL RMBS Edenbrook Mortgage Funding, serviced by Capital Home Loans. Pricing is expected during next week and investor calls will be available from tomorrow morning.
......... 26 June 2024
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ABS Markets Daily - 25 June 2024
*One European prints, one retains *Australia stays silent
Primary
Europe/UK
Today's activity included one priced deal and one retained.
25 June 2024
ABS Markets Deal Alert - 25 June, 15.25 UK time
Dutch STS green prime RMBS Green Lion 2024-1 has upsized from €750m. Pricing as follows:
Green Lion 2024-1
25 June 2024
ABS Markets Deal Alert - 25 June, 11.30 UK time
Dutch STS green prime RMBS Green Lion 2024-1 has set its spread and released a book update. Books will go subject at 14:00 CE time. Pricing is expected today.
Green Lion 2024-1
25 June 2024
ABS Markets Deal Alert - 25 June, 11.00 UK time
Dutch STS green prime RMBS Green Lion 2024-1 has released guidance and a book update. Pricing is expected today.
Green Lion 2024-1
25 June 2024
ABS Markets Deal Alert - 25 June, 8.35 UK time
Dutch STS green prime RMBS Green Lion 2024-1 has released a book update. Pricing is expected today.
Green Lion 2024-1
25 June 2024
ABS Markets Daily - 24 June 2024
*Two Europeans talk, as one UK announces itself * Australia at a standstill
Primary
Europe/UK
One new deal enters the European pipeline today, while two others begin price discussions.
24 June 2024
ABS Markets Deal Alert - 24 June 2024 10.30 UK time
UK equipment leasing ABS Hermitage 2024 has begun marketing via co-arrangers BNP Paribas and Citi alongside fellow JLM Lloyds. Investor virtual calls are available from today and pricing is expected this week.
Hermitage 2024
24 June 2024
ABS Markets Deal Alert - 24 June 2024, 9.50 UK time
German STS auto loan ABS Pony Compartment German Auto Loans 2024-1 has opened its books and released initial price talk. Pricing is targeted for mid/end week.
Pony Compartment German Auto Loans 2024-1
24 June 2024
ABS Markets Deal Alert - 24 June 2024, 8.50 UK time
Dutch STS green prime RMBS Green Lion 2024-1 has opened its books and released initial price talk. Pricing is expected as early as tomorrow.
Green Lion 2024-1
24 June 2024
ABS Markets Daily - 21 June 2024
*E-CARAT prices *One Australian prints *Auto indices loss performance deteriorates
Primary
Europe/UK
Quieter end of the week with only one pricing.21 June 2024
ABS Markets Deal Alert - 21 June 2024, 18.15 UK time
STS German auto loan ABS E-CARAT DE 2024-1 has upsized from €300m. Pricing as follows:
E-CARAT DE 2024-1
21 June 2024
ABS Markets Deal Alert - 21 June 2024, 14.34 UK time
STS German auto loan ABS E-CARAT DE 2024-1 has released final guidance and a book update. Class A will go subject at 14:45 UK time. Pricing is expected today.
E-CARAT DE 2024-1
21 June 2024
ABS Markets Daily - 20 June 2024
*Secondary stays confident *Two Europeans price, as one updates *Six Australians proceed
Secondary stays confident
20 June 2024
In the two weeks following the Barcelona conference the European and UK ABS and MBS secondary market has maintained the pace seen in the same period running up to the event, according to one European ABS trader. “That’s especially notable when the secondary market ...
ABS Markets Deal Alert - 20 June 2024 18.15 UK time
STS UK credit card ABS Newday Funding Master 2024-2 has upsized from £300m and priced as follows:
Newday Funding Master 2024-2
20 June 2024
ABS Markets Deal Alert - 20 June 2024, 17.35 UK time
STS German auto loan ABS E-CARAT DE 2024-1 has released guidance and a book update. Pricing is expected tomorrow.
E-CARAT DE 2024-1
20 June 2024
ABS Markets Deal Alert - 20 June 2024, 16.10 UK time
Italian consumer loan ABS Marzio 15-2024 has priced as follows:
Marzio 15-2024
20 June 2024
ABS Markets Deal Alert - 20 June 2024, 15.30 UK time
STS German auto loan ABS E-CARAT DE 2024-1 has released a book update. Pricing is expected tomorrow.
E-CARAT DE 2024-1
20 June 2024
ABS Markets Deal Alert - 20 June 2024, 15.20 UK time
Italian consumer loan ABS Marzio 15-2024 has set its spreads. Pricing is expected later today.
Marzio 15-2024
20 June 2024
ABS Markets Deal Alert - 20 June 2024, 14.30 UK time
STS UK credit cards ABS NewDay Funding Master 2024-2 has released final guidance and a book update. Books will go subject at 14:45 UK time. Pricing is expected this afternoon, with the potential to upsize to up to £350m.
NewDay Funding Master 2024-2
20 June 2024