European Securitization
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Rick Watson stepping down after 18 years, to stay as part-time adviser -
Most bankers unconcerned by 25bp or 50bp cut, but some worried about signalling
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The deal is tied with two in July for almost three year tights
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◆ Draghi report gives securitization the green light ◆ EU ABS issuance overflows
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Issuers struggle to drum up demand on senior notes
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More social assets added to pool as investors sniff at split seniors
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While triple-As appear to have hit a floor, managers are pushing for tighter triple-Bs
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Landmark report addresses specific areas, and in doing so it provides the beleaguered market with a foundation for change
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Single regulator like SEC and help for securitization 'vital' for Europe's competitiveness
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Drive for capital optimisation prompts bumper crop of consumer ABS as yield-hungry investors feast
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Skinny spreads on names such as Volkswagen less compelling than higher yielding mezz or deals from peripheral EU
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Crowded euro securitization market could mean slower bookbuild
