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: 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
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ABS Markets Daily: 21 February 2025
*Secondary picks up *Europe stays quiet *One Australian introduces itself
European ABS secondary gains momentum
The European ABS secondary market experienced a significant pickup in activity this week, with a sharp increase in BWIC volumes – particularly in CLOs.
“It has been an intense week for BWICs, especially for CLOs, where volumes have been significantly higher than in previous weeks,” says a European trader. ...
Market Moves21 February 2025
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ABS Markets Daily: 20 February 2025
*European ABS starts strongly *No updates from Europe *One new deal for Australia
European and UK ABS: strong start, mixed views
January saw €8.1bn in ABS issuance, with strong demand, tightening spreads, but diverging manager perspectives
The European ABS market has delivered a dynamic start to the year, with strong issuance activity and robust investor demand, according to monthly European and UK factsheets monitored ...
Market Moves20 February 2025
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ABS Markets Daily: 19 February 2025
*One European priced *Two Australians print, one announces, one seeks interest
Primary
Europe/UK
Today, a lone deal crossed the finish line, leaving the European new issue pipeline barren.
19 February 2025
ABS Deal Alert: Elstree 2025-1 1st Priced
UK non-conforming RMBS Elstree 2025-1 1st has priced as follows:
Elstree 2025-1 1st
19 February 2025
ABS Deal Alert: Elstree 2025-1 1st Final guidance
UK non-conforming RMBS Elstree 2025-1 1st has released final guidance and a book update. Pricing is targeted for today.
Elstree 2025-1 1st
19 February 2025
ABS Markets Daily: 18 February 2025
*One European updates, as one is set to price soon*Two Australians progress
Primary
Europe/UK
Today one deal updated, while another is about to price.
18 February 2025
ABS Deal Alert: Elstree 2025-1 1st Guidance
UK non-conforming RMBS Elstree 2025-1 1st has released guidance and a book update. Books will go subject tomorrow at 10:00 UK time and pricing is expected tomorrow.
Elstree 2025-1 1st
18 February 2025
ABS Deal Alert: Taurus 2025-1 EU Final guidance
Last mile logistics CMBS Taurus 2025-1 EU has released final guidance and a book update. Pricing is expected this afternoon.
Taurus 2025-1 EU
18 February 2025
ABS Deal Alert: Elstree 2025-1 1st Book Update
UK non-conforming RMBS Elstree 2025-1 1st has released a book update. Pricing is expected tomorrow.
Elstree 2025-1 1st
18 February 2025
ABS Markets Daily: 17 February 2025
*Two Europeans update *Two Aussies release guidance
Primary
Europe/UK
The start of the week featured two updates from two deals, one providing IPT and another guidance.
17 February 2025
ABS Deal Alert: Taurus 2025-1 EU Guidance
Last mile logistics CMBS Taurus 2025-1 EU has released guidance and a book update. Pricing is expected tomorrow afternoon.
Taurus 2025-1 EU
17 February 2025
ABS Deal Alert: Elstree 2025-1 1st IPT
UK non-conforming RMBS Elstree 2025-1 1st has opened its books and released initial price talk. Pricing is expected on Wednesday.
Elstree 2025-1 1st
17 February 2025
ABS Markets Daily: 14 February 2025
*Taurus updates *Weser prices *Pinnacle prints
Primary
Europe/UK
Another day with one deal update and one pricing.Last mile logistics CMBS Taurus 2025-1 EU released a book update and a revised capital structure – Euribor cap up from 4.0% to 5.0%, liquidity facility up from €13m to €14m and class D and E sizes changed (see table below). Pricing is ...
14 February 2025
ABS Deal Alert: Weser R 2025-1 priced
Dutch STS prime RMBS Weser Funding Compartment No. R 2025-1 has priced as follows:
Weser Funding Compartment No. R 2025-1
14 February 2025
ABS Markets Daily: 13 February 2025
*Ponant prices *Weser updates *Pinnacle upsizes
Primary
Europe/UK
One deal priced and another moved ahead today.French STS equipment ABS FCT Ponant 1 priced.
FCT Ponant 1
13 February 2025
ABS Deal Alert: FCT Ponant 1 priced
French STS equipment ABS FCT Ponant 1 has priced as follows:
FCT Ponant 1
13 February 2025
ABS Markets Daily: 12 February 2025
*Three Europeans move ahead *Two Aussies seek interest *Pinnacle updates
Primary
Europe/UK
There was action around three deals today.French STS equipment ABS FCT Ponant 1 released guidance and a book update based on a €300m deal size. Pricing is expected tomorrow.
FCT Ponant 1
12 February 2025
ABS Markets Daily: 11 February 2025
*Tommi prices *Two others advance *Pinnacle launches
Primary
Europe/UK
Today saw one deal price and two others update.Finnish STS auto loan ABS Tommi 6 (LT Rahoitus 2025-1) priced just now.
Tommi 6
11 February 2025
ABS Deal Alert: Tommi 6 priced
Finnish STS auto loan ABS Tommi 6 (LT Rahoitus 2025-1) has priced as follows:
Tommi 6
11 February 2025