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 - 3 November 2023 11.55 UK time
UK STS BTL RMBS Lanebrook Mortgage Transaction 2023-1 has released a book update and is aiming to price this afternoon.
Lanebrook Mortgage Transaction 2023-1
3 November 2023
ABS Markets Deal Alert - 3 November 2023 09.45 UK time
UK credit card ABS NewDay Funding Master 2023-1 has begun public marketing and released initial price talk along with a book update based on a £300m deal size. It is brought via arrangers and joint lead managers BNP Paribas, HSBC, JPMorgan, Société Générale, Standard Chartered and co-arranger NewDay Cards. Investor calls are underway and pricing is expected early next ...
3 November 2023
ABS Markets Daily - 2 November 2023
*Secondary keeps quiet *Auto announced *Pepper prints
Secondary keeps quiet
Either side of month-end and a public holiday, European and UK ABS/MBS secondary market activity levels have been low this week. However, expectations – or hopes, at least – are that the rest of November will pick up strongly.
“Overall, the week has been pretty quiet and we’re ...
2 November 2023
ABS Markets Deal Alert - 2 November 2023 10.45 UK time
STS German Auto loan ABS Silver Arrow Compartment 16 has begun marketing via sole arranger and joint lead manager Société Générale, joint-lead LBBW and co-managers ING and SEB. Investor calls on request start today and pricing is expected next week.
Silver Arrow Compartment 16
2 November 2023
ABS Markets Daily - 1 November 2023
*Lanebrook updated *Paragon retained *Pepper launched
Primary
Europe/UK
The was a sole new deal update today, with price talk released for STS UK BTL RMBS Lanebrook Mortgage Transaction 2023-11 November 2023
ABS Markets Deal Alert - 1 November 2023 13.45 UK time
STS BTL RMBS Lanebrook Mortgage Transaction 2023-1 has released initial price talk. Pricing is expected by the end of this week.
Lanebrook Mortgage Transaction 2023-1
1 November 2023
ABS Markets Monthly - October 2023
October in numbers
Primary market
Another strong month in International ABS new issuance, albeit not quite reaching the peaks already seen this year.
Europe/UK
Following on from a record-breaking September, October 2023 still saw healthy headline volumes. Though year-on-year it was a tale of two currencies with euro deals dwarfing 2022’s and sterling doing the reverse:All issuance
1 November 2023
ABS Markets Daily - 31 October 2023
*One new European begins marketing *Another is retained *And one Australian mandate
Primary
Europe/UK
As with yesterday, there was just one new deal announcement today. In addition, the latest deal from the Quarzo platform has been retained.Primarily preplaced and retained UK non-conforming RMBS Castell 2023-2 began marketing via co-arrangers BNP Paribas and Citi, who also act as JLMs alongside Barclays and ...
31 October 2023
ABS Markets Deal Alert - 30 October 2023 12.30 UK time
STS BTL RMBS Lanebrook Mortgage Transaction 2023-1 has begun marketing via co-arrangers BofA and Lloyds who are joined as JLM by Barclays. The issuer is available for investor calls from tomorrow and pricing could be as early as this week.
Lanebrook Mortgage Transaction 2023-1
30 October 2023
ABS Markets Daily - 27 October 2023
*Europe sluggish despite pricing flurry *Australia silent after a busy week
Primary
Europe/UK
27 October 2023
Today saw a flurry of pricing activity to end what has felt a quiet week thanks to no deals yet being announced for next. While there were four prints on the week it seemed that a combination of ABS East, UK half-term and macroeconomic concerns made for ...
ABS Markets Deal Alert - 27 October 2023 17.55 UK time
STS auto loan ABS Pony Compartment German Auto Loans 2023-1 has priced, as follows:
Pony Compartment German Auto Loans 2023-1
27 October 2023
ABS Markets Deal Alert - 27 October 2023 16.45 UK time
STS UK prime RMBS Elvet Mortgages 2023-1 has priced as follows:
Elvet Mortgages 2023-1
27 October 2023
ABS Markets Deal Alert - 27 October 2023 15.15 UK time
STS UK prime RMBS Bowbell No.3 has priced, as follows:
Bowbell No.3
27 October 2023
ABS Markets Daily - 26 October 2023
*Two Europeans update *As two Australians price
Primary
Europe/UK
Quieter again day today with only deal updates and guidance on two deals.STS UK prime RMBS Bowbell No.3
26 October 2023
ABS Markets Daily - 25 October 2023
*European primary activity ticks up *One Australian pricing as four more move ahead *SME ABS announced
Primary
Europe/UK
A littler busier today with one deal pricing and updates on two more.CA Leasing 2023-1 priced this afternoon
25 October 2023
ABS Markets Deal Alert - 25 October 2023 14.10 UK time
STS French Equipment Lease ABS CA Leasing 2023-1 has priced, as follows:
CA Leasing 2023-1
25 October 2023
ABS Markets Deal Alert - 25 October 2023 14.05 UK time
STS UK prime RMBS Elvet Mortgages 2023-1 has released initial price talk. Pricing is targeted for Friday.
Elvet Mortgages 2023-1
25 October 2023
ABS Markets Deal Alert - 25 October 2023 11.35 UK time
STS French Equipment Lease ABS CA Leasing 2023-1 has released final terms with its class A size and spread set. Allocations and pricing are expected early this afternoon.
CA Leasing 2023-1
25 October 2023
ABS Markets Deal Alert - 25 October 2023 08.50 UK time
STS UK prime RMBS Bowbell No.3 has opened its books and issued price talk. Pricing is targeted for Friday.
Bowbell No.3
25 October 2023
ABS Markets Daily - 24 October 2023
*Secondary slows further *European primary quiet *Australia active
Secondary slows further
This week looks set to follow in the path of last, with a slowing of activity in the European and UK ABS/MBS secondary market. The situation could continue until year-end, but the potential for opportunity has not completely disappeared.
“It’s not shaping up to a be a ...
24 October 2023
ABS Markets Deal Alert - 24 October 2023 15.05 UK time
STS French Equipment Lease ABS CA Leasing 2023-1 has released guidance and a book update based on a class A of €300m. Books are likely to go subject by the end of today and pricing is expected around mid-day tomorrow.
CA Leasing 2023-1
24 October 2023