Weekly Issue Archive
News Analysis
Capital Relief Trades
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SRT Journal: Cross-pollination
The third of five essays compiled in SCI's inaugural SRT Journal investigates whether CRT market ter...
An increasingly favoured solution to banks’ capital needs, the US CRT market is poised for substantial expansion. However, for the CRT market to be scalable to smaller banks and smaller investors, market terms need to standardise. Histori...
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SRT: The long view – video
Man Group's Moniot delves into key differences between European and North American SRT
Matthew Moniot, md and co-head of credit risk sharing at Man Group in London, speaks to SCI’s Simon Boughey about the latest trends and developments in the SRT market. Moniot discusses the differences in attitude to – and...
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Leader of the pack
Digital securitization the star turn in 2024 and the future
Esoteric issuance has been voluminous in 2023 and this will continue in 2024, led in particular by data centre securitization, according to speakers at this week’s JP Morgan’s securitized products 2025 outlook webinar. The bank...
SRT Market Update
Capital Relief Trades
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Raiffeisen finalises latest SRT
SRT market update
Raiffeisen Bank International (RBI) has completed a €2.8bn synthetic securitisation (named ROOF Corporate 2024) of corporate (and a small portion of SME) loans, predominantly from Austria, Slovakia, Germany, and the Czech Republic. ...
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Green Nordic debut
SRT market update
The European Investment Bank (EIB) Group and Norwegian DNB Bank ASA (DNB) have completed a landmark synthetic securitisation. Such partnership – and the first collaboration of its kind between DNB and the EIB Group – results in No...
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Deck the halls
SRT market update
The wider SRT market is set to go unphased by the Thanksgiving deadline being observed by many banks in the US, as multiple deals are reported to be lined up in Canada and across Europe for pricing next month. In the UK, NatWest’s latest...
News
ABS
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Variety rules in European ABS
October saw strong momentum in the European and UK ABS and MBS markets, fuelled by diverse issuance
European and UK ABS and MBS markets maintained momentum in October, building on the robust issuance pace set in September, according to monthly European and UK factsheets monitored by SCI. TwentyFour AM Momentum Bond Fund’s managers state...
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Asset migration
Euro mid-market deal flow set to grow
As year-end approaches, the private credit market is poised for continued expansion, with middle-market corporate deals expected to drive much of that growth. Speakers at Morningstar DBRS’ Credit Outlook 2025 in London last week outlined a...
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Robust pipeline
Italian cash SRT market on the rise
Five Italian cash SRT deals closed in the consumer and auto loan space earlier in 2024 (SCI 12 July), and two recent announcements by Stellantis (Auto ABS Stella Loans 2024-2) and CA Auto Bank (A-BEST 25) bring the total to seven confirmed transactio...
The Structured Credit Interview
CLOs
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CLO manager corner series: Investcorp
CLO market faces loan supply challenges, but outlook remains strong
A limited supply of new loan issuance could challenge the CLO market in the future, with the development of a private equity pipeline needed, according to Investcorp. Barry Lane, managing director of CLO new issuance in Europe at Investcorp, tells...
Market Moves
Structured Finance
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Job swaps weekly: BBB elevates two to co-chief banking officer
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees The British Business Bank appointing two co-chief banking officers. Meanwhile, Latham & Watkins has poached an experienced White & Case structured credit executive as part...