Europe

Capital Home Loans, a Cerberus-owned issuer of older UK “buy-to-let” mortgages is marketing a £1.64 billion pool of the pre-crisis era loans.

Intermediate Capital Managers broke the ice on new CLO deals in Europe this week as it priced a new €400 million portfolio of broadly syndicated loans and high-yield bonds.

Alcentra is the third manager in January to seek out a refinancing for one of its European collateralized loan obligation deals, according to a presale report from Standard & Poor’s.

A Dubai-based aircraft fleet owner is issuing its first rated securitization of loans to purchase a new series of older passenger jets that it will lease to 13 airlines globally.

A Dutch-based auto leasing firm is pooling a UK-based £545million securitization of corporate and public sector vehicle leases and residual value claims.

A combination of loosened covenants, minimal call protections and aggressive, U.S.-style “dry powder” leveraging strategies have produced the most sponsor-friendly market for European leveraged loans since the financial crisis, according to a new report from U.S.-based Covenant Review.

DBRS, which recently expanded its scope of ratings coverage to include European corporates, has filled a new managing director role over its European structured finance team with the veteran analyst in commercial mortgage structured finance.

A second round of Dutch residential mortgages is being securitized this week with the issuance of Euro-denominated notes backed by €157.73 million in non-conforming home loans underwritten by ELQ Portefeuille I B.V., a specialty lender in The Netherlands.

Obvion, a Dutch mortgage lender owned by Rabobank, is kicking off 2017 with its 41st securitization of €1.19 billion in prime residential mortgages to homeowners in The Netherlands.

A larger-than-expected “bail-in” of Banca Monte dei Paschi di Siena has placed the focus on other major Italian banks that have similar plans to seek government guarantees on their non-performing loan securitizations.