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GC Asia
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Call for nominations and pitches — European Securitization Awards 2021
GlobalCapital is pleased to invite nominations for its 2021 European Securitization Awards, seeking to recognise the most notable and innovative deals, banks and market participants of 2020. We would also welcome pitches for Overall Securitization Bank of the Year, Securitization Deal of the Year, and Private Securitization of the Year.
05 Jan 2021 -
GlobalCapital’s best 2020 articles on European securitization
When the year began, the European securitization market forecast a busy year for itself. Issuance levels in markets from synthetic risk transfer to CLOs had broken issuance records in 2019, with the year ahead expected to match if not outpace the previous year's volumes. Instead, the market found itself grappling with an outbreak which would close up issuance for months and set a new course for ABS. Linked below is a collection of GlobalCapital’s best securitization articles of 2020.
23 Dec 2020 -
‘Unambitious’ European NPL package falls flat
The European Commission’s plans to tackle the mountain of non-performing loans that are expected next year as government support schemes roll off have been criticised as unambitious. They have been dismissed as containing little beyond a review of proposals that have already been unveiled.
17 Dec 2020 -
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No bids for Trafford Centre as retail outlook darkens
The Canada Pension Plan Investment Board (CPPIB) has taken over Manchester’s Trafford Centre after failing to find an alternative buyer. It chose to acquire the property after the collapse of shopping centre owner Intu.
16 Dec 2020 -
Debt buyer Axactor preps for 2021 NPL flood
Axactor, a Norwegian debt purchaser firm, has launched a refinancing of its €200m 2021 bond alongside a rights issue, and a clean-up of its capital structure, which will "increase its capacity for new investments in a highly attractive NPL market".
10 Dec 2020 -
Basel Committee takes edge off toughest part of NPL proposals
The Basel Committee has backed down from tough new changes which could have raised the costs of financing non-performing loan portfolios, allowing banks to use external ratings to assess the risk of NPL securitizations.
26 Nov 2020 -
Schroders targets pandemic opportunity
Schroders has closed a new private credit fund, which will use a mix of securitized bonds, warehouse lines, direct loans and other instruments to target dislocated opportunities as the impact of the Covid-19 pandemic plays out in credit markets.
23 Nov 2020 -
Debt buyer double as Hoist and Encore prep refinancings
Debt purchasing firms Encore and Hoist launched new refinancing transactions on Wednesday, taking advantage of good market conditions to strengthen their capital structures ahead of a likely NPL flood next year.
11 Nov 2020 -
For the good of all society retail payment relief must be a two-way street
With the UK in its second lockdown, there is growing frustration among commercial landlords that retailer tenants are taking advantage of payment waivers. It is vital for the health of the commercial real estate sector and the pension funds that finance it that this is not allowed to happen.
10 Nov 2020 -
CRE tenants and landlords clash during second lockdown
European retail landlords are facing up to potential damage of Europe's wave of second lockdowns, with many tenants continuing to ask for full rent relief despite trading for three months at least over the summer, throwing the sector's long term health into doubt.
09 Nov 2020
