International SF Weekly: Data Addendum: Risk on as Europe looks ahead to GABS

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International SF Weekly: Data Addendum: Risk on as Europe looks ahead to GABS

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International SF Weekly

Data Addendum: Risk on as Europe looks

ahead to GABS

The European SF market is in high gear: 11 new deals priced last week in the primary 08 June 2026

market, while the secondary market had the third-busiest week ytd with elevated bid list Structured Finance

flows. Spreads were stable in secondary despite the supply surge, while in primary EMEA, APAC, LatAm

spreads were less consistent. The placed new issue volume ytd reached €85bn, which is ABS CMBS RMBS CLO

€4bn more than 1H2025 and the busiest start to the year since 2007. We are on track

to reach our 2026FY forecast of €170bn of new issue supply. AlexanderInt'l Str. Fin.Batchvarov,Strategist CFA

BofA Europe (Zurich)

Primary markets: issuance surge, spreads inconsistent +41alexander.batchvarov@bofa.com44 297 7469

11 new transactions priced this week involving most main sectors. In RMBS, a UK NC Altynay Davletova, CFA

RMBS and a prime re-offer were priced, while a Dutch prime and a UK equity release Int'l MBS/ ABS Strategist

MLI (UK)

transaction were added to the pipeline. In ABS, a UK credit card transaction priced as +44 20 7995 3968

well as two Auto ABS deals in Ireland and Germany. Two CMBS deals were placed from altynay.davletova@bofa.com

repeat social housing and logistics issuers. In CLOs, 4 new issue deals, 7 resets, and 2 Mark Nichol

Int'l CMBS/ABS Strategist

refis priced. Price movements varied by sector. In low beta sectors including Autos and MLI (UK)

RMBS, as well as in CLOs, primary spreads were relatively stable compared to recent +44 20 7996 0965 mark.nichol@bofa.com

issues. In CMBS, primary spreads were wider vs Q1 levels.

Dustin Walpert, CFA

European CLO Strategist