Latest ABS news

  • CS asset finance boss follows Henrion to M&G’s new consumer fund

    Vaibhav Piplapure, the head of EMEA asset finance at Credit Suisse, is following former CS solutions head Jerome Henrion to run M&G’s new consumer assets fund.

    • 23 Jun 2017
  • Lehman ABS alumnus lands at PACE shop

    Sei-Hyong Park, who formerly worked in Lehman Brothers' securitization division, is now at Property Assessed Clean Energy (PACE) platform Renew Financial.

    • 22 Jun 2017
  • Spruce closes energy efficiency and solar loan portfolio sale

    Spruce Finance, which finances residential energy efficiency projects and solar installations in the US, sold a $250m loan portfolio to an undisclosed North American bank on June 21.

    • 22 Jun 2017
  • FCA Bank prices Italian auto deal with negative yield

    FCA Bank has continued the trend of issuing auto ABS notes with an effective negative yield after pricing a deal backed by Italian auto loans.

    • 22 Jun 2017
  • Strong bid for Santander auto ABS

    Santander Consumer USA priced its latest Drive subprime auto ABS offering at tight spreads on Wednesday, brushing aside some of the negative headlines around its lending practices and the declining performance of subprime car loans.

    • 21 Jun 2017
  • Demand drives Mercedes deal to new post-crisis tight

    Mercedes-Benz Bank priced its latest auto ABS offering this week, Silver Arrow 8, with the deal notching yet another record for post-crisis spreads.

    • 21 Jun 2017
  • STS postponed as ABS pipeline fills to brim

    The implementation date for the European Union’s simple transparent and standardized (STS) securitization framework has been moved back to January 2019, after concerns were made by the Maltese presidency over the timeline between finalisation of the rule and its implementation.

    • 21 Jun 2017
  • Textainer prices new deal amid container ABS revival

    The container lease ABS market continued to pump out new supply this week, with Textainer Marine Containers hitting the market for the second time this year and market players forecasting strong container trade growth over the next two years.

    • 20 Jun 2017
  • Gloomy Carney address could portend TFS extension

    Bank of England governor Mark Carney’s caution on the UK economy in his Mansion House speech on Tuesday could be an early warning for the UK RMBS market that the Term Funding Scheme (TFS) won't end soon, an unwelcome development for supply starved investors.

    • 20 Jun 2017
  • STS implementation to be deferred to 2019

    The application date for the ‘simple, transparent and standardised’ (STS) framework for European securitization and amendments to the capital requirements ratio (CRR) rules will be deferred until January 2019, according to sources close to the final trialogue discussions, which concluded earlier this month.

    • 20 Jun 2017

ABS news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,865 12 12.28
2 Citi 2,800 7 8.90
3 Goldman Sachs 2,615 4 8.31
4 Credit Agricole 2,254 6 7.16
5 Barclays 2,006 6 6.38

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Jun 2017
1 Citi 46,714.29 133 12.73%
2 Bank of America Merrill Lynch 43,017.27 121 11.73%
3 Wells Fargo Securities 36,865.83 105 10.05%
4 JPMorgan 25,897.27 79 7.06%
5 Credit Suisse 19,055.29 50 5.19%