International SF Weekly: Data Addendum: Switching to a lower gear

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International SF Weekly: Data Addendum: Switching to a lower gear

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International SF Weekly

Data Addendum: Switching to a lower gear

Last week primary and secondary activity on the international SF markets continued but 06 July 2026

at a slower speed in line with the expected and usual ‘normalisation’ from the high-gear Structured Finance

activity of the end of the first half of the year. EMEA, APAC, LatAm

ABS CMBS RMBS CLO

Primary market: back to a reasonable issuance speed

In Europe, a BTL and an equity release UK RMBS, an ESP consumer ABS and two auto Alexander Batchvarov, CFA

ABS were placed, and a pan-European logistics CMBS transaction was preplaced. This Int'lBofAStr.EuropeFin. Strategist(Zurich)

brings European ABS/MBS/CMBS traditional securitisation issuance to EUR65bn ytd. +41 44 297 7469

alexander.batchvarov@bofa.com

CLO market added one new issue and three resets rounding up 2026ytd gross new

issuance to about €31bn and reset/refi to about €30bn. AltynayInt'l MBS/Davletova,ABS StrategistCFA

MLI (UK)

Australian market saw the pricing of one NC RMBS and an auto ABS (with a pari passu +44 20 7995 3968

altynay.davletova@bofa.com

green tranche, without difference in pricing). This brings the new issue volume to

Mark Nichol

AUD41bn, with the RMBS (50% up yoy) compensating for the auto ABS (20% down yoy). Int'l CMBS/ABS Strategist

The visible pipeline suggests good primary flow for another week or two: an UK prime +44 20 7996 0965

mark.nichol@bofa.com

RMBS, two UK and a DEU consumer ABS, two auto ABS and a DE CMBS in Europe.

Dustin Walpert, CFA

European CLO Strategist

Secondary market: BWIC volumes returning towards the ytd average MLI (UK)

Secondary market trading volumes normalised towards the average. ABS/MBS bid lists +44 20 7996 0982