Category Archives: Asset Backed Securities

‘Bowie Bonds’ blazed a trail through capital markets

Just as he blazed a trail through the world of rock’n’roll, David Bowie’s dalliance with the stock market gave the world something it had never seen before — pop bonds. In 1997 he sold $55m of “Bowie Bonds”, asset-backed securities

Bank of China to issue 8 bln yuan nonperforming asset backed securities – report

Dec 10 Bank of China plans to issue 8 billion yuan ($1.24 billion) of securities backed by nonperforming assets, the state-owned Securities Times paper reported Thursday, citing anonymous sources. The planned securities are being rated by two domestic ratings agencies,

Europe’s plan to revive asset-backed market gets global boost

European efforts to revive the market for asset-backed debt got a boost on Tuesday when global financial regulators proposed softer capital rules for banks that do this kind of financing. The asset-backed or securitization market, which provides money for home

ECB still accepting VW’s asset-backed securities as collateral

The European Central Bank is still accepting asset-backed securities issued by Volkswagen’s (VOWG_p.DE) leasing arms as collateral, data published on the ECB’s website showed on Monday. Securities issued by Volkswagen’s financial subsidiaries, typically ABS backed by car loans, still featured

Are notorious asset-backed securities back in favor?

Asset-backed securities (ABS) may have pushed the world into the global financial crisis, but fund managers are beginning to see value in the sector. “A lot of people have just red-lined the space,” Jack Ross, principal at Waterfall Asset Management,

Draghi: ECB to purchase asset-backed securities

The European Central Bank (ECB) surprised investors and markets on Thursday by cutting interest rates to record lows and announcing a bond-buying program. From September 10, the rate on the main refinancing operations will be decreased by 10 basis points

Chinese developers come home to asset-backed securitisation

China’s property developers are returning to the asset securitisation market after a three-year absence, prompted by lighter rules on how they can package up and sell future cash flows to raise funding. Shimao Property Holdings, a major developer, has packaged

EU steps up pressure for rapid deal to revive asset-backed debt

European Union reform of the securitized debt market to help to revive the region’s economy is likely to be binding on member countries to speed up change, a senior official from the bloc’s executive body said on Tuesday. The European

Capital Clearance Group Strategic Industrial Growth Note Dominates Peers

Capital Clearance Group Strategic Industrial Growth Note has outpaced peers over the past three years By Sarah Conor October 25, 2014       Capital Clearance Group Strategic Industrial Growth Note was launched on November 2010. Since then, the note

The Securitization Market Is Seizing Up

After my interview with Andy Sandler of Buckley Sandler, who said he is seeing a freezing of the credit markets because of the foreclosure fiasco and put-back tsunami, I decided to call on one of the well known banking experts