European Securitization
-
UK mortgage lender plans to slash transaction lead time by making deals early -
◆ Nationwide's intriguing plan for Silverstone RMBS shelf ◆ CLO tiering not to be feared
-
Two new deals enter the pipeline, as Thanksgiving's importance as a deadline for Europe grows
-
New managers emerging, even if they pay up for inaugural transactions, show there is a price for every asset
-
Market welcomes investors supporting a variety of issuers if the price is right
-
Investors demanded a premium for AB CarVal's euro debut, but Investcorp priced tightest deal in two weeks
-
Seniors preplaced but heavy oversubscription helps mezzanine tranches tighten
-
Nationwide retains prime RMBS and Close Brothers keeps UK auto trade
-
Manager hopes to eventually develop a European market for shorter reinvesting CLOs
-
Some of the mezzanine tranches landed tighter than European CLOs by established managers
-
Spread was in line with Lloyds' Permanent deal in July
-
After years of slow progress and a failure to complete the project, stimulating the European ABS sector could be exactly what is needed
