Weekly Issue Archive
News Analysis
ABS
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Finance Ireland's second auto ABS signals growing EV momentum
Latest deal strengthens issuer's ABS framework, boosts investor demand, and drives EV exposure
Finance Ireland has recently priced its second auto ABS transaction, marking another milestone in its securitisation program. Following its debut deal in October 2023, the latest issuance reflects refinements based on investor feedb...
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SCI In Conversation Podcast: Jason Smilovitz and Midroog's Moty Citrin (part 2)
We discuss the hottest topics in securitisation today...
In the second part of this episode of the SCI In Conversation podcast, SCI’s Selvaggia Cataldi continues her discussion about Israel’s securitisation market with Moty Citrin, head of financial institutions and st...
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SCI in Focus: Data centre securitisation - ESG risk or green opportunity?
Growing appetite for deals brings environmental commitments into question as participants seek to ba...
As data centre securitisation gains traction, some of the most prominent voices in the ESG movement are now at the forefront of this growing market. While the industry’s energy intensity may seem at odds with sustainability principles,...
News
Asset-Backed Finance
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Marketplace lending entering 'cautious phase'
Castlelake and PGIM warn of cracks in MPL sector as fintech models face recalibration
Marketplace lenders are entering a more cautious phase in 2025 as the rapid evolution of their business models and loosening credit standards appear to be dampening investor confidence. While private credit firms continue capitalising on falling seni...
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Lincoln Financial preps pair of private-market funds
Insurer aims to offer retail investors exposure to private credit, ABF and IP royalties by late 2025
Lincoln Financial is preparing to launch two new evergreen funds in partnership with Bain Capital and Partners Group by late 2025. The funds will offer retail investors access to high-barrier sectors, including asset-backed finance (ABF) and royalty-...
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SRT disclosures reviewed (UPDATED)
Pillar 3 survey underlines Santander's dominance
An SCI survey[1] of European bank Pillar 3 Disclosure Reports for 2024 underlines the dominance of corporate loans in SRT reference pools and of Santander as a leading synthetic securitisation issuer. The findings also shed light on the role that cas...
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Risk mitigation
Regional banks advised to build investor confidence in CRT deals
US regional banks executing CRT transactions continue to face challenges in managing regulatory expectations but navigating complex servicing arrangements adds another layer of difficulty. For example, one of the key hurdles lies...
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Insurer appetite for SRTs on the rise
IACPM survey shows substantial growth of unfunded protection
Insurer provision of unfunded protection on tranches of SRT transactions has increased significantly year-on-year. The number of protections sold rose to 82 new subscriptions in 2024, versus 45 the previous year, according to the IACPM’s la...
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Firstmac's 'Eagle' spreads wings in commercial SMSF market
A$1bn transaction sees mortgage lender turn to international investors in expansion of programme
Firstmac priced its largest RMBS deal to date earlier this month, in a deal that saw the mortgage lender expanding its investor base overseas. The A$1bn Australian prime RMBS transaction – Firstmac Mortgage Funding Trust No 4 Series Eagle N...
Talking Point
CLOs
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Uncovering drivers behind recent EU CLO double-B and equity tranche performance
Poh-Heng Tan from CLO Research provides insights on recent secondary trading
In the evolving world of European CLOs, secondary market dynamics offer a telling glimpse into investor sentiment and relative value. Recently, trading activity in double-B and equity tranches has revealed notable pricing trends and performance dispa...
Market Moves
Structured Finance
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Job swaps weekly: Morgan Lewis snaps up former SEC lawyer
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Morgan Lewis hiring a structured finance specialist and former SEC special counsel as partner. Elsewhere, Marathon Asset Management has promoted a long-standing senior portfolio manager t...