Driver Espana three issued 858 million of class A notes rated AA+ by Standard & Poors and Aa2 by Moodys Investors Service that pay one-month Euribor plus 105 basis points.
A £524.4 million (US$755.6 million) series of prime, owner-occupied mortgage loans originated by UKs Skipton Building Society will be packaged into the fourth securitization pieced together by the UK financial institution.
MotoVoto Finance, one of the U.K.s largest players in used car financing, is preparing to market its sixth securitization of an undetermined volume of its fixed-rate consumer auto leases.
Issuance of U.S. collateralized loan obligtions is off to a slow start, with just two deals pricing in January; a single European deal priced.
Paragon Mortgage may be scaling back its loan securitizations in 2016, with plans to utilize the increased deposit base at parent Paragon Bank to fund more originations of its core buy-to-let mortgage business to family landlords.
A nascent private bond market in France is expected to grow significantly over the next two years, and could complement, or possibly compete with, securitization of loans to small and medium-sized enterprises.
A policy fight is threatening the recovery of collateralized loan obligations in Europe.
European collateralized loan obligations issued pre-financial crisis are nearing the end of their reinvestment periods, yet the maturities of the loans that serve as collateral continue to shift further out into the future.
The latest generation of European CLOs may expose investors to a risk that didnt exist in most collateralized loan obligations issued before the financial crisis: fluctuations in foreign exchange rates.
With Global ABS around the corner, its only fitting that we turn our attention to Europe.
Firm: Broadmoor Consulting LLC
In the news: Marketplace Lenders Are a Systemic Risk
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