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 - 15 September 2023 08.55 UK time
UK non-conforming RMBS Polaris 2023-2 has released guidance and a book update. Books are expected to go subject today at 14:00 UKT with pricing to follow later this afternoon.
Polaris 2023-2
15 September 2023
ABS Markets Daily - 14 September 2023
*Secondary sits back *Two euro autos added *Barton seeks indications
Secondary sits back
The European and UK ABS/MBS secondary market has taken a back seat since the return after the summer, as investor attention has been absorbed by the busiest two weeks in primary of the year so far. That looks unlikely to change in the short term at ...
14 September 2023
ABS Markets Deal Alert - 14 September 2023 17.55 UK time
Prime RMBS Finance Ireland RMBS No. 6 has priced:
Finance Ireland RMBS No. 6
14 September 2023
ABS Markets Deal Alert - 14 September 2023 15.30 UK time
Santander has announced its latest auto loan ABS – Santander Consumer Spain Auto 2023-1. An investor presentation session will take place on 18 September at 15:00 CET and the issuer is available for calls on request between 19 and 21 September, with pricing expected to take place in the week commencing 25 September.
Santander is sole arranger and ...
14 September 2023
ABS Markets Deal Alert - 14 September 2023 11.15 UK time
Prime RMBS Finance Ireland RMBS No. 6 has released guidance and a further book update. Pricing is targeted for today.
Finance Ireland RMBS No. 6
14 September 2023
ABS Markets Deal Alert - 14 September 2023 10.15 UK time
Italian consumer loan ABS Sunrise Series 2023-2 has priced:
Sunrise Series 2023-2
14 September 2023
ABS Markets Deal Alert - 14 September 2023 09.00 UK time
ABS Citizen Irish Auto Receivables Trust 2023 has begun marketing via sole arranger and JLM Deutsche Bank. Originator First Citizen Finance is available for investor calls on the STS deal from today and pricing is expected next week.
Citizen Irish Auto Receivables Trust 2023
14 September 2023
ABS Markets Daily - 13 September 2023
*UK RMBS announced *Three Europeans update *One public/two private pricings
Primary
Europe/UK
Another busy day in Europe saw a new deal announced, one public pricing, updates on three more deals and two private transactions print.The latest deal to be announced was a UK non-conforming RMBS from Pepper – Polaris 2023-2 – which simultaneously released price talk in ...
13 September 2023
ABS Markets Deal Alert - 13 September 2023 15.30 UK time
The latest non-conforming RMBS from Pepper – Polaris 2023-2 – has just been announced along with initial price talk. Pricing is expected this week via co-Arrangers Citi and Lloyds, who are joined as JLMs by JLM: Barclays, MUFG, NAB and Standard Chartered.
Polaris 2023-2
13 September 2023
ABS Markets Deal Alert - 13 September 2023 13.25 UK time
Auto loan ABS Driver UK Master Compartment 7 has released initial price talk. Pricing is expected by the end of this week.
Driver UK Master Compartment 7
13 September 2023
ABS Markets Deal Alert - 13 September 2023 12.45 UK time
UK prime RMBS Albion No.5 has priced as follows:
Albion No.5
13 September 2023
ABS Markets Deal Alert - 13 September 2023 09.30 UK time
Italian consumer loan ABS Sunrise Series 2023-2 has released guidance and a book update. Pricing is expected this afternoon or tomorrow morning.
Sunrise Series 2023-2
13 September 2023
ABS Markets Daily - 12 September 2023
*Three new Europeans *Updates on four *Two new Australians
Primary
Europe/UK
12 September 2023
IBL Banca has announced its latest consumer loan ABS Marzio 12-2023. Unusually for recent transactions from the platform the deal is not fully retained with the class As being publicly placed via IBL Banca as co-arranger with UniCredit and JLMs are IMI Intesa Sanpaolo and UniCredit. Pricing is expected ...
ABS Markets Daily - 8 September 2023
*Irish RMBS announced *Three Europeans print *Allied prices
Primary
Europe/UK
A new STS Irish prime RMBS was added to the pipeline this morning – Finance Ireland RMBS No. 6. Issuer calls began today and pricing is expected next week via arranger BofA and JLMs BofA and Citi.Finance Ireland RMBS No. 6
8 September 2023
ABS Markets Daily - 7 September 2023
*Europe keeps busy *Together confirmed *Progress prices
Primary
Europe/UK
Another busy day today with one new deal added to the pipeline, another announced and preplaced, one public pricing and updates on another three.The latest deal from the Cars Alliance platform began marketing today via joint arrangers BNP Paribas and CA-CIB, who are joined as JLMs by Société Générale ...
7 September 2023
ABS Markets Daily - 6 September 2023
*UK and Australian pipeline additions *Two or three Europeans price *Updates on four euros and one A$
Primary
Europe/UK
Today saw another new deal announcement, two or three price and updates on another four.STS UK prime RMBS Albion No.5 began public marketing this afternoon via joint arrangers and lead managers BNP Paribas and Lloyds. No pricing timeline has ...
6 September 2023
ABS Markets Daily - 5 September 2023
*Another euro deal announced *Three updated *Two deals move ahead in Australia
Primary
Europe/UK
Another deal joined the European pipeline today as three more headed towards pricing tomorrow.Italian STS Consumer ABS Sunrise Series 2023-2 was announced with issuer Agos Ducato available for investor calls from tomorrow. Pricing of the solely offered class A1s is expected next week via ...
5 September 2023
ABS Markets Daily - 4 September 2023
*Two euro deals announced *Three updated *Progress launched and an Australian debut
Primary
Europe/UK
Fairly busy for a Monday as issuers jostled for position in a pricing-heavy week. Two more deals were formally announced and three were updated.As noted on 29 August VW Leasing is back in the market with VCL 40, which today began full marketing ...
4 September 2023
ABS Markets Daily - 1 September 2023
*Summer lull ends in Europe *Six deals due next week *Australia keeps going
Primary
Europe/UK
Seemingly undeterred by the possibility of a bottleneck, European and UK issuers flocked to the market with new deal announcements this week to re-open primary ABS/MBS after the long summer lull. As a result, next week is set to be a bumper week of pricings.1 September 2023
ABS Markets Deal Alert - 1 September 2023 11.30 UK time
Capital structure details have been released for auto loan ABS AutoNoria Spain 2023. Originator Banco Cetelem will be available for investor calls from Monday and pricing is expected later in the week.
AutoNoria Spain 2023
1 September 2023
ABS Markets Daily - 31 August 2023
*Holmes prices *Five European deals announced *Australia silent
Primary
Europe/UK
A frenetic day in Europe with one deal pricing – Holmes Master Issuer 2023-2 – clarification on another – Together Asset Backed Securitisation 2023-1ST2 – and five new deals announced. As a result, the European visible new issue pipeline currently looks like this:31 August 2023