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: Sunrise Series 2025-1 Guidance
Italian STS consumer ABS Sunrise Series 2025-1 has released guidance and a book update. Books will go subject as early as today and pricing is expected tomorrow.
Sunrise Series 2025-1
4 March 2025
ABS Deal Alert: Lanark 2025-1 IPT
UK STS prime RMBS Lanark 2025-1 has opened its books and released initial price talk. Pricing is expected on Thursday.
Lanark 2025-1
4 March 2025
ABS Deal Alert: Sunrise Series 2025-1 Book update
Italian STS consumer ABS Sunrise Series 2025-1 has released a book update. Pricing is expected as early as tomorrow.
Sunrise Series 2025-1
4 March 2025
ABS Markets Daily: 4 March 2025
*Renewable ABS: beyond solar *Two Europeans move ahead *One Aussie approaches final phases, as one announces itself
Expanding horizons for renewable ABS
As investor interest and regulatory support surge, the European renewable ABS diversifies beyond solar, exploring new green asset classes with growth potential
The European renewable ABS market is poised for significant growth, driven by increasing investor interest, regulatory tailwinds and evolving financing ...
Market Moves4 March 2025
ABS Deal Alert: Sunrise Series 2025-1 IPT
Italian STS consumer ABS Sunrise Series 2025-1 has opened its books and released initial price talk. Pricing is expected this week.
Sunrise Series 2025-1
3 March 2025
ABS Deal Alert: Lanark 2025-1 Marketing
Deal Information
- Deal Name: Lanark 2025-1
- Originator: Clydesdale Bank & YBHL (trading as Virgin Money)
- Arranger: BofA Securities
- Joint Lead Managers: Barclays Bank / BofA Securities / Deutsche Bank / HSBC
- STS: Yes
Expected Timing
- Conference Calls Available: From afternoon of 3 March 2025
- Pricing Target: 6 March 2025
- Expected Settlement Date: 20 March 2025
3 March 2025
ABS Deal Alert: Pony CG Auto Loans 2025-1 Marketing
Deal Information
- Deal Name: Pony S.A., Compartment German Auto Loans 2025-1
- Issuer: Pony S.A., Compartment German Auto Loans 2025-1
- Originator: Hyundai Capital Bank Europe GmbH
- Arranger: Santander
- Seller & Servicer: Hyundai Capital Bank Europe GmbH
- Joint Lead Managers: BofA Securities / Santander / UniCredit
- Collateral: German Auto Loans
- STS: Yes
Expected Timing
- Virtual Meetings/Calls: 3 March 2025 – 4 March 2025
- Pricing Target: w/c 3 March 2025
- Expected Settlement Date: 26 ... 3 March 2025
ABS Markets Daily: 3 March 2025
*Two Europeans announce themselves *One Australian launches
Primary
Europe/UK
The market buzzed with activity today, as two fresh deals entered the pipeline and another took IPT step.
Pony Compartment Germany Auto Loans 2025-1
Market Moves3 March 2025
ABS Markets Monthly: February 2025
Plenti leads Australian ABS revival
Plenti’s A$509.3m auto ABS 2025-1 attracted record global demand, signalling strong momentum for future deals
Plenti recently reopened the Australian securitisation market with Plenti Auto ABS 2025-1 Trust, a A$509.3m transaction that attracted a record number of investors with strong international interest, especially from European investors.
The mix of investors in this transaction was similar to that seen ...
28 February 2025
ABS Deal Alert: Youni Italy 2025-1 Mandate
Citi has been mandated as sole arranger and lead manager to explore equity placement for Italian STS consumer ABS Youni Italy 2025-1, a RegS ABS transaction backed by a pool of Italian consumer loan receivables originated and serviced by Younited. The Transaction is intended to comply with the criteria of STS securitisation.
......... 28 February 2025
ABS Markets Daily: 28 February 2025
*One European mandate *One Aussie priced deal
Primary
Europe/UK
The week concluded with a new mandate for the market.
The visible European new issue pipeline now looks like this:
Market Moves28 February 2025
ABS Deal Alert: Green STORM 2025 Priced
UK non-conforming RMBS Green STORM 2025 has priced as follows:
Green STORM 2025
27 February 2025
ABS Deal Alert: Green STORM 2025 Spreads set
UK non-conforming RMBS Green STORM 2025 has set spread for its class A and released final terms and a book update. Books will go subject at 11:30 UK time and pricing is expected this afternoon.
Green STORM 2025
27 February 2025
ABS Deal Alert: Sunrise Series 2025-1 Marketing
Deal Information
Deal Name: Sunrise Series 2025-1
Issuer: Sunrise SPV 96
Originator: Agos Ducato
Arranger: Banca Akros, Crédit Agricole Corporate & Investment Bank Milan Branch
Legal Final Maturity: 27 April 2050
STS Compliance: Structured to comply with the EU Securitisation Regulation; preliminary STS verification report expected from Prime Collateralised Securities (PCS) EU SASExpected Timing
Pricing Date: w/c 3 March 2025
27 February 2025
Expected Settlement Date: w/c 17 March 2025
First Payment Date: ...
ABS Markets Daily: 27 February 2025
*One UK priced deal, one European announcement *One new deal from Australia
Primary
Europe/UK
The market saw a slight uptick in activity today, with one deal pricing and a fresh addition making its way into the pipeline.
Market Moves27 February 2025
ABS Deal Alert: Green STORM 2025 Guidance
UK non-conforming RMBS Green STORM 2025 has released guidance and a book update. Pricing is expected tomorrow.
Green STORM 2025
26 February 2025
ABS Markets Daily: 26 February 2025
*Europe's solar ABS makes progress *One UK RMBS moves ahead *One Australian prints, one seeks interest
Europe’s solar ABS market plays catch-up
Continent’s solar ABS market trails the US, though potential Italian deal may spark growth
The European solar ABS market is exploring innovative routes to accelerate issuance, with market insiders anticipating increased activity following last year’s debut public transaction for the continent. Yet, while ...
Market Moves26 February 2025
ABS Deal Alert: Green STORM 2025 IPT
UK non-conforming RMBS Green STORM 2025 has opened its books and released initial price talk. Pricing is expected as early as tomorrow.
Green STORM 2025
26 February 2025
ABS Markets Daily: 25 February 2025
*Europe stays quiet *Australia announces two new deals
Primary
Europe/UK
The market showed no signs of activity today.
The visible European new issue pipeline remains unchanged:
Market Moves25 February 2025
ABS Markets Daily: 24 February 2025
*One new European appears, as one refi preplaces and prices *One Australian updates
Primary
Europe/UK
The week began with a new deal after several days of silence last week.
Market Moves24 February 2025
ABS Deal Alert: Green STORM 2025 Marketing
Deal Information:
Deal Name: Green Storm 2025
Originator & Servicer: Obvion
Arrangers: Crédit Agricole Corporate & Investment Bank / Rabobank
Issuer: Green Storm 2025
Legal Final Maturity: Feb 2062
STS: YesExpected Timing:
Expected Launch & Pricing: Week of 24 February 2025 – subject to market conditions
Expected Settlement: 27 March 202524 February 2025