The European Central Bank has published final guidelines for eurozone banks on tackling the €926bn of non-performing loans estimated to be weighing on their balance sheets.
Investors snapped up US$12.5bn of new asset-backed supply this week, chalking up a big win for the sector in its busiest period of the year.
Capital One’s US$3bn credit card trade was the biggest ABS deal in a massive US$12.5bn week for primary deal flow.
Lone Star ratcheted in pricing on Thursday on the first public Irish RMBS trade backed by re-performing mortgages, showing a growing demand for a once taboo asset class.
A second Spanish RMBS hit the market on Thursday, with Union de Creditos Inmobiliarios (UCI) announcing the fourth trade in its Prado series.
Spain Residential Finance began marketing SRF 2017-1 Fondo de Titulizacion, last week, the second Spanish RMBS deal from Blackstone backed by re-performing collateral.