Europe

The $9.8 billion of new collateralized loan obligation issued during the month outstripped the volume of deals being refinanced for the first time this year.

The German subsidiary of Spanish lender Santander Consumer Finance is planning its first auto loan securitization of the year.

Center Parcs Group, a company that operates short-break vacation sites across England, plans to sell £830 million (US$1.06 billion) in bonds backed by its operational cash flow.

Volkswagen Finance S.A., E.F.C. is selling €750 million in bonds in its fourth public securitization of auto loans extended to borrowers purchasing VW Group vehicle models in Spain. Only 2.2% of the pool is impacted by the lingering fallout from the 2015 emissions scandal, according to Moody's.

S&P and DBRS have diverged on rating the senior notes in a $175.26 million securitization of private student-loan refinancings from Earnest Operations. Also, Comenity Bank has a new private-label card transaction through its World Financial master trust.

A Dutch mortgage lender is planning a second “green” securitization of €400.7 million in home loans for properties meeting certain energy efficiency and low-carbon footprint guidelines.

A leading non-life insurance premium financing (IPF) provider in the UK is preparing an asset-backed transaction backed by a pool of £1 billion in payment-plan receivables.

BMW Bank Gmbh will sell Euro bonds through the Bavarian Sky S.A., Compartment German Auto Loans 6 trust, which includes a €744 million, seven-year Class A note tranche that S&P is rating AAA.

Alitalia’s financial woes have yet to impact the 10 or so bond offerings backed in part by aircraft the carrier has leased, but Kroll Bond Rating Agency is closely monitoring the situation.

The London office of Commerzbank AG Debt Fund Management is pricing its third overall CLO in a with a senior loan portfolio targeted at €346.2 million.