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 - 13 May 2024 10.00 UK time
UK insurance premium finance ABS PCL 2024-1 has opened its books and released initial price talk. Pricing is expected as early as Wednesday.
PCL 2024-1
13 May 2024
ABS Markets Daily - 10 May 2024
*Two Europeans print *One Australian deal priced
Primary
Europe/UK
Two deals printed in Europe.
STS consumer loan ABS BBVA Consumer 2024-1 priced as follows:
BBVA Consumer 2024-1
Market Moves10 May 2024
ABS Markets Deal Alert - 9 May 2024 18.00 UK time
CMBS UK Logistics 2024-1 has released guidance and a book update. Books will go subject at 14:00 UK time tomorrow with pricing to follow the same day.
UK Logistics 2024-1
9 May 2024
ABS Markets Daily - 9 May 2024
*One UK deal updates *News on three Australians
Primary
Europe/UK
A UK CMBS deal released an update, while activity in Europe was halted due to today’s bank holiday.9 May 2024
ABS Markets Deal Alert - 9 May 2024 12.45 UK time
CMBS UK Logistics 2024-1 has released a book update. Pricing is now expected tomorrow.
UK Logistics 2024-1
9 May 2024
ABS Markets Daily - 8 May 2024
*One European announcement *Australia prints, announces and updates
Primary
Europe/UK
Quieter day in Europe with only one announcement.8 May 2024
ABS Markets Deal Alert - 8 May 2024 10.10 UK time
UK insurance premium finance ABS PCL 2024-1 has begun marketing via joint arrangers BofA and Lloyds alongside RBC and Société Générale as JLMs. Investor calls available upon request from tomorrow with pricing targeted for as early as next week.
PCL 2024-1
8 May 2024
ABS Markets Daily - 7 May 2024
*Four Europeans announce and two update *One Aussie deal prints and four progress
Primary
Europe/UK
Strong start for Europe after yesterday’s UK bank holiday, with four new deals joining the pipe. Meanwhile, two others opened their books and released talk.7 May 2024
ABS Markets Deal Alert - 7 May 2024 15.05 UK time
UK STS prime RMBS Duncan Funding 2024-1 has begun marketing via sole arranger Citi alongside fellow JLMs Banco Sabadell, BNP Paribas, BofA and Santander. Investor calls are available upon request from today and pricing is expected next week.
Duncan Funding 2024-1
7 May 2024
ABS Markets Deal Alert - 7 May 2024 12.00 UK time
Irish BTL RMBS Dilosk RMBS No.9 has begun marketing via sole arranger Natixis alongside JLM BofA. Investor calls are available upon request from today and pricing is expected as early as next week.
Dilosk RMBS No.9
7 May 2024
ABS Markets Deal Alert - 7 May 2024 10.05 UK time
Spanish STS ABS BBVA Consumer 2024-1 has opened its books and released initial price talk. Pricing could be as early as Friday.
BBVA Consumer 2024-1
7 May 2024
ABS Markets Deal Alert - 7 May 2024 10.00 UK time
Finnish STS auto loan ABS Kimi 13 (SCF Rahoituspalvelut XIII) has begun marketing via sole arranger Santander alongside Unicredit and Lloyds as JLMs. The latter will be lead manager for the class A, solely. Investor calls available upon request from Monday to Thursday next week. Pricing is targeted for as early as the week commencing 20 May.
Kimi 13 (SCF ...
7 May 2024
ABS Markets Deal Alert - 7 May 2024 08.55 UK time
CMBS UK Logistics 2024-1 has opened its books and released initial price talk. Pricing is targeted for Thursday
UK Logistics 2024-1
7 May 2024
ABS Markets Deal Alert - 7 May 2024 08.30 UK time
Spanish STS ABS Santander Consumo 6 began marketing yesterday via sole arranger and full JLM Santander alongside class A JLMs BofA, Société Générale and UniCredit. Investor calls on request start tomorrow, which will be followed by a roadshow webinar on 13 May and pricing on 16 May.
Santander Consumo 6
7 May 2024
ABS Markets Daily - 3 May 2024
*Secondary shows resilience *Three Europeans print *One Aussie deal seeks interest
Secondary shows resilience
Despite recent bank holidays affecting some European countries, European and UK ABS/MBS secondary market activity during the last five sessions has remained robust, though some things have changed.
“The past week has seen a shift in investor flows towards selling, particularly from those transitioning ...
3 May 2024
ABS Markets Monthly - April 2024
April in numbers
*Issuance volumes *Arranger league tables *Secondary spreads
ABS/MBS primary market
Europe/UK
All issuance
3 May 2024
ABS Markets Daily - 2 May 2024
*Europe prints one and updates another *New Oz entry and three prints confirmed
Primary
Europe/UK
Relatively quiet day for Europe, with one deal pricing and one releasing a couple of updates.UK BTL RMBS Molossus BTL 2024-1 priced as follows:
Molossus BTL 2024-1
2 May 2024
ABS Markets Daily - 1 May 2024
*Auburn 15 announced *Two other UK BTL deals move ahead *Five Australians progress
Primary
Europe/UK
The long trailed latest Auburn issue (ABS Markets passim, notably ABS Markets Daily - 9 February) finally materialised today. At the same time, two of its fellow UK BTL RMBS deals headed closer to pricing.UK RMBS Auburn 15 a refinancing of the ...
1 May 2024
ABS Markets Daily - 30 April 2024
*First UK data centre ABS announced *Spanish consumer joins the pipe *Four Australians advance
Primary
Europe/UK
As two new deals joined the pipeline, Lanebrook released a book update.Vantage Data Centers UK 2024-1 has begun marketing via sole structuring advisor and sole green structuring advisor Barclays alongside fellow JLM SMBC Nikko. There will be a group investor call at 13:30 UK ...
30 April 2024
ABS Markets Daily - 29 April 2024
*Two Europeans start talking *Torrens to refinance *Two other Australians move ahead
Primary
Europe/UK
Today, Europe saw two UK BTL RMBS opening their books and initiating price talk.Lanebrook Mortgage Transaction 2024-1
29 April 2024
ABS Markets Daily - 26 April 2024
*Auto ABS mixed *First CMBS of the year as another UK BTL deal announced *Australia adds two
Auto ABS mixed
March remittance reports for KBRA’s new European auto ABS indices show mixed performance across both auto loan and auto lease collateral. European auto loan annualised losses and 60+ day delinquencies declined month-over-month (MoM), while year-over-year (YoY) numbers were flat ...
26 April 2024