European Asset Backed Barometer: Weekly Market Monitor

Research evidence excerpt

European Asset Backed Barometer: Weekly Market Monitor

19 June 2026

European Asset Backed Barometer

European Asset-Backed Barometer – Weekly Market

Monitor

Primary Issuance

Following the Global ABS conference last week, issuers have moved quickly to

market. Three transactions across ABS and RMBS are expected to price this week,

while a heavy pipeline of six additional deals is lined up for pricing next week,

highlighting a rapid acceleration in primary activity following the conference. We

expect this robust supply to continue building into next week, and a period of strong

issuance over the next few weeks is our base case.

Figure 1: Non-CLO Issuance and Pipeline W/C 15th June

Deal name BBG Ticker Sponsor/Originator STS Country Deal type Timing Ѣϯь Size

Bavarian Sky UK 8 BSKY UK8 BMW Financial Services Y UK Auto This week £ 400 mn

Delphinus 2026-I DELPH 2026-I ASR Hypotheken Y Netherlands Prime RMBS This week ь 632 mn

Hops Hill 6 HOPSH 6 Keystone N UK BTL RMBS This week £ 295 mn

Tampa Finance 2026-1 TAMPA 2026-1 Carnoon Bay/HSBC Y France Prime RMBS Next week ь 504 mn

Hermitage 2026 HRMTG 2026-1 Haydock Y UK Equipment Next week £ 355 mn

Quarzo 2026 QUARZ 2026-1 Compass Banca Y Italy Consumer Next week ь *950 mn

Financehero 3 FHERO 3 Auto1 Y Germany/Austria Auto Next week ь 215 mn

FCT Youni France 2026-1 YOUNI 2026-1 Younited Y France Consumer Next week ь 215 mn

Source : Deutsche Bank, Bloomberg Finance LP

So far this week, five CLOs have priced, comprising two refinancings, one reset, and

two new-issue transactions. The two refis achieved the tightest pricing at the top of

the stack, reflecting their shorter duration profiles, while investment-grade

mezzanine tranches priced broadly in line across all deals.

Figure 2: CLO Issuance W/C 15th June