AFME is pleased to circulate the European Securitisation Data Snapshot for Q1 2025.

Key highlights:

Q1 2025 European Issuance

• In Q1 2025, EUR 61.5 bn of securitised product was issued in Europe, a decrease of 2.3% from Q4 2024 (EUR 63.0 bn) and a decrease of 9.0% from Q1 2024 (EUR 67.6 bn).
• Of this, EUR 38.0 bn was placed, representing 61.9% of the total, compared to EUR 31.1 bn placed in Q4 2024 (representing 49.4% of EUR 63.0 bn) and EUR 32.0 bn placed in Q1 2024 (representing 47.4% of EUR 67.6 bn).
• In Q1 2025, Pan-European CLOs led placed totals, followed by UK RMBS and German Auto ABS:
  • Pan-European CLOs increased from EUR 12.9 bn in Q4 2024 to EUR 17.8 bn in Q1 2025;
  • UK RMBS remained stable with EUR 8.5 bn issued in both Q4 2024 and Q1 2025; and
  • German Auto ABS increased from EUR 1.2 bn in Q4 2024 to EUR 2.5 bn in Q1 2024.