Citibank was hired to manage the deal, called Auburn Securities 8. This is the issuer first securitization since 2008.
The Structured Finance Industry Group has set up a task force to craft a response to the European Banking Authority consultation on high quality securitizations.
Banque Populaire plans to issue 90.2 million ($112 million) of securities backed by fixed-rate French residential mortgages that finance both purchases and home improvements.
The deal dubbed Sunrise, Series 2014-2, is backed by loans that were underwritten to retail clients and originated and serviced by Agos.
Intu, the UK shopping centers company, sold its £350 million ($556 million) of 16-year, commercial mortgage bonds on Wednesday, according to Standard & Poors.
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.
Vice President of Regulatory Compliance
Firm: Clayton Holdings
In the news: How Ability-to-Repay Rules Could Reshape RMBS Market
Investors in catastrophe bonds are broadening their exposure by taking on multiple perils and increasing the time period during which claims can be included in coverage. Often they are doing so without any additional compensation.Current Issue