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 - 20 June 2024, 8.50 UK time
Italian consumer loan ABS Marzio 15-2024 has released revised guidance and a book update. Pricing is expected later today.
Marzio 15-2024
20 June 2024
ABS Markets Deal Alert - 20 June 2024, 8.45 UK time
STS UK credit cards ABS NewDay Funding Master 2024-2 has released guidance and a book update. Pricing is expected today.
NewDay Funding Master 2024-2
20 June 2024
ABS Markets Daily - 19 June 2024
*Summerhill preplaces *Three Europeans update *Three Australians price, as three more move ahead
Primary
Europe/UK
Today's activity level maintained a similar pace to the past few days, with a preplacement, two deals providing updates and E-CARAT’s 2024 series releasing initial price talk.
Irish RMBS Summerhill Residential 2024-1 was preplaced via sole arranger and lead manager Barclays. Priced today as follows:
Summerhill Residential 2024-1
19 June 2024
ABS Markets Deal Alert - 19 June 2024, 14.25 UK time
STS German auto loan ABS E-CARAT DE 2024-1 has opened it books and released initial price talk. Pricing is expected on Friday.
E-CARAT DE 2024-1
19 June 2024
ABS Markets Deal Alert - 19 June 2024, 11.45 UK time
STS UK credit cards ABS NewDay Funding Master 2024-2 has released a book update. Pricing is expected tomorrow.
NewDay Funding Master 2024-2
19 June 2024
ABS Markets Deal Alert - 19 June 2024, 11.45 UK time
Italian consumer loan ABS Marzio 15-2024 has released guidance and a book update. Pricing is expected tomorrow.
Marzio 15-2024
19 June 2024
ABS Markets Deal Alert - 18 June 2024 19.00 UK time
Italian STS consumer ABS Brignole CO 2024 has priced as follows:
Brignole CO 2024
18 June 2024
ABS Markets Daily - 18 June 2024
*Almost two deals price in Europe, as one announces and one updates *Four Australians progress
Primary
Europe/UK
Today saw a green prime RMBS deal makes its appearance. Meanwhile, one deal priced, one nearly made it across the line and another updated.18 June 2024
ABS Markets Deal Alert - 18 June 2024, 16.35 UK time
UK STS prime RMBS Silverstone 2023-1 1A Re-offer has priced as follows:
Silverstone 2023-1 1A Re-offer
18 June 2024
ABS Markets Deal Alert - 18 June 2024, 15.00 UK time
Italian STS consumer ABS Brignole CO 2024 has released final guidance and a book update. Books will go subject at 16:15 CE time and pricing is targeted for this afternoon.
Brignole CO 2024
18 June 2024
ABS Markets Deal Alert - 18 June 2024, 14.45 UK time
Italian consumer loan ABS Marzio 15-2024 has released a book update. Pricing is expected on Thursday.
Marzio 15-2024
18 June 2024
ABS Markets Deal Alert - 18 June 2024 13.35 UK time
UK STS prime RMBS Silverstone 2023-1 1A Re-offer has set its spread and released a book update. Books will go subject at 14:00 UK time with pricing today in the afternoon.
Silverstone 2023-1 1A Re-offer
18 June 2024
ABS Markets Deal Alert - 18 June 2024, 11.20 UK time
Italian STS consumer ABS Brignole CO 2024 has released guidance and a book update. Pricing is targeted for today.
Brignole CO 2024
18 June 2024
ABS Markets Deal Alert - 18 June 2024 09.25 UK time
Dutch STS green prime RMBS Green Lion 2024-1 has begun marketing via sole arranger ING alongside fellow JLMs BofA, Credit Agricole and Santander. Investor calls are available upon request from tomorrow and pricing is targeted for next week.
The issuer says the deal structure meets ICMA Green Bond Principles with notes classified as Secured Green Collateral Bonds, Mortgage ...
18 June 2024
ABS Markets Daily - 17 June 2024
*May funds report *Four Europeans proceed *Three Aussies launch and one gathers interest
May factsheets in
Most of the ABS funds we track in Europe and the UK have now released their factsheets for May 2024. These unanimously underscore the continued resilience and stability of the ABS market over the month.Ostrum Euro ABS Fund managers observe: “The ...
17 June 2024
ABS Markets Deal Alert - 17 June 2024, 16.35 UK time
Italian STS consumer ABS Brignole CO 2024 has released a book update. Pricing is targeted for tomorrow.
Brignole CO 2024
17 June 2024
ABS Markets Daily - 17 June 2024, 15.20 UK time
UK STS prime RMBS Silverstone 2023-1 1A Re-offer has released a book update. Pricing is expected as early as tomorrow.
Silverstone 2023-1 1A Re-offer
17 June 2024
ABS Markets Deal Alert - 17 June 2024, 15.05 UK time
STS UK credit cards ABS NewDay Funding Master 2024-2 has opened its books and released initial price talk. Pricing is expected on Thursday.
NewDay Funding Master 2024-2
17 June 2024
ABS Markets Deal Alert - 17 June 2024, 9.45 UK time
Italian consumer loan ABS Marzio 15-2024 has opened its books and released initial price talk. Pricing is expected on Wednesday.
Marzio 15-2024
17 June 2024
ABS Markets Deal Alert - 17 June 2024, 9.20 UK time
UK STS prime RMBS Silverstone 2023-1 1A Re-offer has opened its books and released initial price talk. Pricing is expected as early as tomorrow.
Silverstone 2023-1 1A Re-offer
17 June 2024