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 - 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
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