Latest ABS news
Online consumer lender Prosper is marketing its third multi-seller transaction from its PMIT shelf, as market sources tout heightened liquidity as an advantage of the deal format format, which has been used by more and more lenders in 2017.
The World Bank is achieving success in using the capital markets to put together financial facilities to help hurricane-afflicted Caribbean countries receive swift aid to deal with the aftermath, its Treasurer Arunma Oteh tells GlobalMarkets
With another earthquake about to hit Latin America, finance ministers from four countries are rushing to launch a World Bank-backed catastrophe bond to ensure that money is paid quickly
An insurance plan that pays out at once when a natural disaster hits rather than months after the loss assessment offers a route for small countries to secure protection against hurricanes and earthquakes
P2P Global Investments has mandated Deutsche Bank to arrange a new consumer ABS transaction backed by marketplace loans originated by Zopa.
Dongfeng-Nissan Auto Finance has tapped the Chinese asset-backed securities (ABS) market for a third time this year with a Rmb3.5bn ($531.9m) two-tranche deal. The company made its first attempt to attract foreign investors trading through Bond Connect in the October 12 deal – with mixed results.
Big questions remain around how China’s ambitious Belt and Road Initiative will be financed. But experts tell GlobalMarkets the answer, or at least part of it, may be in asset-backed securitization — with Indonesia making some headway recently and China gearing up for some action.
Most of the US Treasury’s proposed reforms for the US capital markets avoid the need for congressional approval, giving the financial services industry a strong opportunity to roll back some of the perceived excesses of post crisis rule making, US sources have said.
ABS industry players have expressed mixed views this year on the trend of increased credit enhancement on subprime auto deals, with some observers starting to question whether deal structures will hold up during market shocks.
With the struggle for the control of Catalonia dominating European markets, investors seem to be turning to Italy, of all places, as a safe haven. Jasper Cox and Sam Kerr report.
Go to GlobalCapital's Securitization data pages for our dealflow database, plus details of priced European and US CLOs and structured finance bookrunner league tables.
Latest securitization people & markets news
- Treasury capital market reforms put ball in industry’s court
- Portugal forges ahead with NPL plan
- KKR closes risk retention fund, says rule has strengthened CMBS
- Ex-Shawbrook duo launch specialist funding shop
- StanChart to expand China ABS offering
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|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|1||Bank of America Merrill Lynch (BAML)||6,415||22||12.84|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||90,174.33||262||12.23%|
|3||Wells Fargo Securities||70,282.48||216||9.53%|