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Moody’s Investors Service said today that it expected European commercial mortgage-backed securities (CMBS) to suffer further interest shortfalls, at least among the non-senior tranches.
July 8 -
Unicredit plans to issue a securitization backed by short-term euro loan receivables made to large corporates, small and medium sized enterprises (SME); and self-employed individuals based in Germany.
July 5 -
GoldenTree Asset Management appears to have added a €59 million subordinated class to a European collateralized loan obligation it is marketing.
July 3 -
Neil Odom-Haslett will join Standard Life Investments as head of commercial real estate lending in August and will lead the company's entry into the U.K. commercial real-estate market.
July 2 -
Leeds Building Society plans to issue the next investor-placed U.K. RMBS; but issuance in this once dominant sector of securitizations continues to fall below recent years as banks find cheaper funding with the Bank of England’s funding for lending scheme.
June 26 -
DNA Alpha Limited is planning a $630 million aircraft pass through certificates deal. The certificates were rated by Moody’s Investors Service.
June 26 -
Solar ABS across the Atlantic remains unlit despite having a rapidly growing solar industry to support it, said panelists speaking at last week’s Information Management Network’s Global ABS renewable energy session.
June 25 -
Rising house will benefit holders of Germany covered bonds than covered bonds issued in other European countries, Moody’s Investors Service said today.
June 24 - Europe
Panelist speaking at this morning’s IMN Global investor roundtable said that the ECB push for SME securitization may give banks a carte blanche to push an originate to distribute model for these assets.
June 20 - Europe
Nobody wanted to hear it and nobody wanted to say it but even as IMN Global ABS makes the move back to its home, during the securitization market's heyday, of Barcelona, Spain; attendees can still expect to be talking about regulations.
June 19 - Europe
Securitizations of loans to small European companies should be stuctured as simple transactions with three tranches, said Sharon Bowles, chair of the European Parliament’s Economic and Affairs Committee.
June 19 - Europe
In Europe the securitization story, post financial crisis has been written from two points of view: the Northern European version and the Southern European version.
June 19 -
Standard & Poor’s said that severe delinquencies among residential mortgage-backeds tracked by the agency hit a historic peak of 5.38%.
June 18 -
Analysts at Barclays forecast a total of €46 billion ($61 billion) in publicly-placed securitization issuance for 2013, according to their mid-year outlook.
June 17 -
Credit Suisse is planning to issue a £200.2 million ($314 million) securitization backed by U.K. buy-to-let and owner-occupied non-conforming residential mortgage loans, from its Alba series.
June 14 -
ALBIS Mobil Lease GmbH, UTA Leasing GmbH, and Kögel Leasing GmbH plan to issue up to €147.23 million backed by leases made to the German small and midsize enterprise (SME) sector .
June 12 -
GE Money Bank Switzerland is planning a CHF200 million ($213M) issue backed by Swiss auto lease receivables, the second Swiss Auto ABS of 2013.
June 10 -
A policy fight is threatening the recovery of collateralized loan obligations in Europe.
June 7 -
GoldenTree Asset Management is joining the list of U.S.-based CLO managers marching to Europe.
June 7 -
Covered bonds backed by loans to small and medium-sized enterprises have gained traction in Europe as and alternative to bank financing and other debt instruments, according to Moody's Investors Service.
June 5
