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 Deal Alert: Credit Agricole Habitat 2025 Mandate
Deal Information:
- Deal Name: Credit Agricole Habitat 2025
- Issuer: FCT Credit Agricole Habitat 2025
- Sellers / Servicers: 37 Caisses Régionales de Crédit Agricole Mutuel and Le Crédit Lyonnais
- Arrangers: Crédit Agricole S.A. and Crédit Agricole CIB
- Lead Manager & Bookrunner: Crédit Agricole CIB
- Billing & Delivery: Crédit Agricole CIB
Expected Timing:
- Roadshow: 24 March – 26 March 2025
- Expected Issue and Settlement Date: 17 April 2025
24 March 2025
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ABS Markets Daily: 21 March 2025
*One European preplaces and prices *Australian Now Trust deal prints
Primary
Europe/UK
The week concluded on a quiet note, with just one Irish RMBS, Kinbane 2025-RPL1, being preplaced and priced today.
Deal Information
- Deal Name: Kinbane 2025-RPL1
- Issuer: Kinbane 2025-RPL1
- Seller: Coll Residential
- Originators: PTSB, GE Capital, Leeds Building Society, ACC Bank, Danske Bank & others
- EU/UK/US Risk Retention Holder: Morgan Stanley Principal Funding
- Arranger: Morgan Stanley & Co. International
- Joint ... Market Moves21 March 2025
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ABS Deal Alert: Youni Italy 2025-1 Priced
Italian STS consumer ABS Youni Italy 2025-1 has priced as follows:
Youni Italy 2025-1
20 March 2025
ABS Deal Alert: Youni Italy 2025-1 Final guidance
Italian STS consumer ABS Youni Italy 2025-1 has released final guidance and a book update. Pricing is targeted for this afternoon.
Youni Italy 2025-1
20 March 2025
ABS Deal Alert: Youni Italy 2025-1 Book update
Italian STS consumer ABS Youni Italy 2025-1 has released a book update. Pricing is targeted for this afternoon.
Youni Italy 2025-1
20 March 2025
ABS Markets Daily: 20 March 2025
*European and UK ABS stays robust *One European deal prints *Two Aussie price and one updates
European and UK ABS robust in February amid diverging outlooks
European and UK ABS and MBS markets maintain their momentum, driven by strong demand and tightening spreads
February proved to be a strong month for European and UK ABS and MBS markets, with spreads tightening and issuance levels ...
Market Moves20 March 2025
ABS Markets Daily: 19 March 2025
* Two European roll off, as two new deals enter *Two Australians print, one launches
Primary
Europe/UK
Today two deals exit the pipeline, making way for two fresh deals to take their place.
Market Moves19 March 2025
ABS Deal Alert: Taurus 2025-2 UK Priced
UK CMBS Taurus 2025-2 UK has priced as follows:
Taurus 2025-2 UK
19 March 2025
ABS Deal Alert: Oak No. 5 Priced
UK STS prime RMBS Oak No.5 has priced as follows:
Oak No.5
19 March 2025
ABS Deal Alert: UK Logistics 2025-1 Marketing
Deal Information:
Deal Name: UK Logistics 2025-1
Issuer: UK Logistics 2025-1
Sole Arranger: Citibank Europe
JLMs / Bookrunners: Citibank Europe, BNP Paribas, Morgan Stanley & Co. International, Standard Chartered Bank
Sponsor: Blackstone Asset Managers: Mileway, Indurent
Expected Timing: JLM Roadshow Calls available upon request
Management Call with the Sponsor: 14:00 UKT 20 March 2025 – register interest with JLMs sales coverage Pricing expected early in the w/c 31 ...
19 March 2025
ABS Deal Alert: NewDay FM 2025-1 Marketing
Deal Information
- Deal Name: NewDay Funding Master 2025-1
- Issuer: NewDay Funding Master Issuer
- Originator: NewDay
- Arrangers: BofA Securities & NatWest
- Co-Arranger: NewDay Cards
- Joint Lead Managers: BofA Securities, Lloyds, NatWest, Santander, Société Générale
- STS: The transaction is expected to be verified as a Simple, Transparent, and Standardised (STS) securitisation by PCS
Expected Timing
- Investor Calls: Available from Wednesday afternoon, 19th March 2025
- Expected Pricing: Week commencing 24th March 2025
- Expected ... 19 March 2025
ABS Deal Alert: Oak No. 5 Final guidance
UK STS prime RMBS Oak No.5 has released final guidance and a book update. Books will go subject at 10:15 UK time and pricing is expected today.
Oak No.5
19 March 2025
ABS Markets Daily: 18 March 2025
*Aussie ABS wave to new highs *Four Europeans advance *One Aussie deal prints, as four more update
TwentyFour rides Aussie ABS wave to new highs
Australia’s securitisation market soared to A$80.3bn in 2024, with another record year expected in 2025
A new report from TwentyFour Asset Management underscores the rapid transformation of the Australian securitisation market, which reached a record-high issuance of A$80.3bn ...
Market Moves18 March 2025
ABS Deal Alert: Taurus 2025-2 UK Book update
UK CMBS Taurus 2025-2 UK has revised capital structure and Red OC and released a book update. Pricing is expected tomorrow.
Taurus 2025-2 UK
18 March 2025
ABS Deal Alert: Youni Italy 2025-1 IPT
Italian STS consumer ABS Youni Italy 2025-1 has opened its books and released initial price talk. Pricing is expected on Thursday.
Youni Italy 2025-1
18 March 2025
ABS Deal Alert: Oak No. 5 Guidance
UK STS prime RMBS Oak No.5 has released guidance and a book update. Pricing is expected tomorrow.
Oak No.5
18 March 2025
ABS Deal Alert: Fortuna Consumer Loan ABS 2025-1 Marketing
Deal Information
- Deal Name: Fortuna Consumer Loan ABS 2025-1
- Issuer: Fortuna Consumer Loan ABS 2025-1
- Originator & Seller & Risk Retention Holder: Auxmoney Investments
- Servicer: CreditConnect GmbH (Fully owned by Auxmoney GmbH)
- Joint Arrangers & Joint Lead Managers: ABN AMRO, BNP Paribas, ING, Natixis
- STS: The transaction is expected to be certified by SVI as a securitisation meeting the requirements for simple, transparent and standardised securitisation ... 18 March 2025
ABS Deal Alert: Oak No. 5 Book update
UK STS prime RMBS Oak No.5 has released a book update. Pricing is expected as early as tomorrow.
Oak No.5
18 March 2025
ABS Markets Daily: 17 March 2025
*One European deal starts price talk *Three Australians progress
Primary
Europe/UK
The week kicked off with a hint of activity, as only one deal ventured into the pricing talk phase.
Market Moves17 March 2025
ABS Deal Alert: Oak No. 5 IPT
UK STS prime RMBS Oak No.5 has opened its books and released initial price talk. Pricing is expected as early as Wednesday.
Oak No.5
17 March 2025
ABS Markets Daily: 14 March 2025
*Secondary stays resilient *BTL RMBS HQLA debate *Two European deals price *One Australian prints
Secondary sees strong demand despite heavy BWIC
The European and UK secondary market remained resilient this week, with trading activity focused on senior 2023-2024 papers, which performed well despite expectations of some weakness. A European trader summarizes the week as "intense but not too much," noting that while some ...
Market Moves14 March 2025