International SF Weekly: Data Addendum: Consumer ABS bonanza

Research evidence excerpt

International SF Weekly: Data Addendum: Consumer ABS bonanza

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International SF Weekly

Data Addendum: Consumer ABS bonanza

International securitization market activity continued uninterrupted by the resumption of 13 July 2026

hostilities in the Middle East: Structured Finance

EMEA, APAC, LatAm

EU/UK RMBS/ABS ABS CMBS RMBS CLO

In the primary market, investors were busy buying UK prime MT RMBS Permanent and a

trio of unsecured consumer ABS (Lendable’s UK debut, Admiral’s 2nd UK deal and a AlexanderInt'l Str. Fin.Batchvarov,Strategist CFA

German ABS from Auxmoney), with very strong covers for mezz and tight spreads. Two BofA Europe (Zurich)

Auto ABS transactions were priced in France (Bumper FR 2026-1) and Portugal (Thetis +41alexander.batchvarov@bofa.com44 297 7469

Finance Auto 2026). The latter was the first auto ABS since 2021 in the country. Altynay Davletova, CFA

Int'l MBS/ ABS Strategist

The pipeline looks also exciting, with a debut BEL mixed-asset RMBS, UK NC RMBS MLI (UK)

+44 20 7995 3968

(from Together) and another trio of unsecured consumer ABS which includes a debut altynay.davletova@bofa.com

BNPL securitisation (from PayPal), a green DEU ABS (from Enpal) and a PRT deal (from Mark Nichol

Wizink). Int'l CMBS/ABS Strategist

MLI (UK)

+44 20 7996 0965

Secondary market trading volumes normalised towards the average, while spreads were mark.nichol@bofa.com

unchanged. Dustin Walpert, CFA

European CLO Strategist

In CMBS, a restructuring proposal was announced in the German deal, Haus (ELoC 39), MLI (UK)

+44 20 7996 0982

but there was no update on Basalt 2026-1 DE, the new German CMBS backed by dustin.walpert@bofa.com

residential property.

AUD RMBS/ABS Common acronyms

The pipeline has lightened up and currently consists of one NC RMBS (from Pepper