Complete news archive

  • LendInvest expands financing syndicate

    Sector developments and company hires

    LendInvest expands financing syndicate
    Wells Fargo has joined LendInvest’s £200m financing syndicate with NAB to support the continued growth of the lender’s buy-to-let proposition. Wells Fargo joins a growing roster of global financial institutions choosing to support LendInvest's mortgage products, including banks such as Lloyds, JPMorgan, HSBC, Barclays and Citi.

    Established five years ago, LendInvest was the first fintech .......

    Market Moves 28 April 2023

  • SCI ESG Securitisation Awards: ESG Law Firm of the Year

    Winner: Paul Hastings

    The winner of SCI’s ESG Law Firm of the Year Award is Paul Hastings, for its deep expertise in the ESG field and its pioneering work to incorporate ESG factors into securitisation transactions.

    Paul Hastings has worked over the years with a range of clients active in the structured finance space, such as LiveMore Capital - a .......

    News 28 April 2023

  • Don't compare

    Collaboration key to ESG progress

    Comparison may be the thief of all ESG-joy for the securitisation market, as attendees at SCI’s 2nd Annual ESG Securitisation Seminar this week reflected on how far the industry has come since the inaugural ESG issuance seven years ago. Different financial sectors adopt different definitions for ESG and thus also face different challenges. However, given such differences, more praise .......

    Talking Point 28 April 2023

  • SCI ESG Securitisation Awards: ESG Arranger of the Year

    Winner: Tramontana Asset Management

    There are a lot of things that the ESG market needs to prosper and make a difference, but the most pressing of these is capital. For its contribution to bringing new capital to this market through technical expertise and new products, Tramontana Asset Management is SCI’s choice as ESG Arranger of the Year.

    “The broader energy transition .......

    News 28 April 2023

  • SCI ESG Securitisation Awards: ESG Issuer of the Year

    Winner: Obvion

    With a well-established but ever-evolving approach, combined with a strategy that not only encompasses new deal issuance but also the advancing of sustainability of all its customers, Obvion is SCI’s ESG Securitisation Issuer of the Year. The firm’s Green STORM RMBS platform began back in 2016 and continues to this day, with the most recent 2023 iteration falling .......

    News 27 April 2023

  • SCI In Conversation podcast: Seth Painter, Antares Capital

    We discuss the hottest topics in securitisation today...

    In this episode of the SCI In Conversation podcast, Seth Painter, head of structured products at Antares Capital in New York, discusses the development the CLO middle market space and its importance to the funding of the direct lending business at Antares. While the traditional BSL market has been in the doldrums, the middle market space is on fire.

    The episode can be .......

    News 27 April 2023

  • Aegon AM buys CLOs, inks partnership

    Sector developments and company hires

    Aegon AM buys CLOs, inks partnership
    NIBC is set to sell its European CLO management activities to Aegon Asset Management, further accelerating its strategy to streamline its business model and focus on asset-backed financing. The sale comprises NIBC's North Westerly CLO platform in its entirety - including the NIBC CLO team, collateral management of three outstanding CLOs with assets under .......

    Market Moves 27 April 2023

  • SCI ESG Securitisation Awards: ESG Investor of the Year

    Winner: M&G Investments

    M&G has won the Investor of the Year category in SCI’s inaugural ESG Securitisation Awards, following a year in which its dedication to engagement, fair and accurate ESG assessment of ABS deals and carbon emission modelling was evident. Building on over 20 years of experience in the ESG space, since the founding of its in-house ABS credit .......

    News 27 April 2023

  • The iceman cometh?

    Signs of a thaw emerging in US CRT

    The recent Merchants Bank of Indiana deal could herald a thaw in the US capital relief trades market, as this Premium Content article outlines.

    While the European significant risk transfer market has enjoyed two successive record-breaking years of issuance, the US market has been in a new ice age. While there has been the occasional deal from ......

    News Analysis 27 April 2023

    Premium Content

  • SCI ESG Securitisation Awards: ESG CLO Manager of the Year

    Winner: Fidelity International

    Environmental, social and governance (ESG) concerns are increasingly coming into focus in the CLO market, driven by growing investor demand. Fidelity International is SCI’s ESG CLO Manager of the Year in light of its dedication to the topic, its robust ESG positive approach and its unique sustainability framework. 

    One of the main differentiators of Fidelity International and .......

    News 27 April 2023

  • SES RTS a 'sensible result'

    Sector developments and company hires

    SES RTS a ‘sensible result’
    The EBA has published its final draft RTS specifying the determination by originator institutions of the exposure value of synthetic excess spread (SES). These draft RTS clarify the calculation of the components that should be included in this exposure value, taking into account the relevant losses expected to be covered by SES.

    The components .......

    Market Moves 26 April 2023

  • SCI ESG Securitisation Awards: ESG Innovation of the Year

    Winner: Intesa Sanpaolo

    Intesa Sanpaolo has won the Innovation of the Year category in SCI’s ESG Securitisation Awards. The Italian lender stood out for its proprietary ESG scoring, which is embedded in important decision-making processes of the bank, including significant risk transfer transactions.

    Intesa Sanpaolo’s proprietary ESG scoring methodology is a quantitative and fact-based approach, combining multiple input sources, and .......

    News 26 April 2023

  • SCI ESG Securitisation Awards: ESG Securitisation of the Year

    Winner: Fortuna Consumer Loan ABS 2022-1

    The second social bond offering from German lender auxmoney has won SCI’s ESG Securitisation of the Year Award. Dubbed Fortuna Consumer Loan ABS 2022-1, the €225m true sale securitisation of a static pool of unsecured consumer loans sold by auxmoney was arranged by Citi, which also served as joint lead manager alongside BNP Paribas.

    Founded in 2007, .......

    News 26 April 2023

  • Portuguese SRT launched

    Santander executes synthetic RMBS

    News 26 April 2023

  • Waiting game?

    Short-term pain could spell long-term gain for Indian ABS

    Indian securitisation volumes are climbing back up towards pre-pandemic levels, as the burgeoning middle class fuels growth in consumer loans. Despite short-term concerns surrounding the impact on issuance levels of the upcoming HDFC and HDFC Bank merger – representing the largest-ever amalgamation in Indian corporate history - it may prove to be a further driver in the development of .......

    News Analysis 24 April 2023

  • Looking for opportunities

    IMN US CLOs and leveraged loans conference recap

    Opportunities in a deteriorating macro environment were a strong focus of Information Management Network’s 12th Annual Investors Conference on CLOs & Leveraged Loans in New York, on 17 and 18 April.

    This is a credit pickers’ market, several speakers noted. New issuance is not expected to drop, despite the many headwinds. A few panellists predicted a total amount .......

    News 24 April 2023

  • ACC ratings on watch downgrade

    Sector developments and company hires

    ACC ratings on watch downgrade
    KBRA has revised five ACC watch developing placements to watch downgrade, following notification by Wilmington Trust - the trustee for three American Car Center (ACC) Trust securitisations - that collections for payment to the ABS noteholders were not received on the 20 April payment date from the servicer, Westlake Portfolio Management (WPM). However, on 21 .......

    Market Moves 24 April 2023

  • SCI Start the Week - 24 April

    A review of SCI's latest content

    ESG seminar tomorrow
    SCI’s 2nd Annual ESG Securitisation Seminar is taking place tomorrow, 25 April, at the offices of Clifford Chance in London.

    Last week's news and analysis
    Canadian boost
    BNP Paribas said to be arranging another Canadian CRT
    Cautious optimism
    Moody's Analytics Chief Economist Mark Zandi shares his views
    DDEs surveyed
    'More favourable' outcomes for participating CLOs
    News 24 April 2023

  • Extraterritorial reach

    SEC rule raises concerns for European SRTs

    News Analysis 21 April 2023

  • RFC issued on synthetic STS criteria

    Sector developments and company hires

    RFC issued on synthetic STS criteria
    The EBA has launched a public consultation on its draft guidelines on the criteria related to simplicity, standardisation and transparency and additional specific criteria for on-balance sheet securitisations. The aim is to ensure a harmonised interpretation of STS criteria, in alignment with the EBA guidelines for traditional securitisations.

    With the introduction of STS .......

    Market Moves 21 April 2023

  • ESG Seminar line-up finalised

    Securitisation awards to debut

    SCI’s 2nd Annual ESG Securitisation Seminar is taking place in-person on 25 April at the offices of Clifford Chance in London. Chaired by Pemberton Capital Advisors’ Naomi Prasad, the event will cover the latest regulatory developments, key trends and emerging opportunities within the sustainable securitisation market.

    The seminar begins with a pair of panels exploring ESG regulatory .......

    News 21 April 2023
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