30 Jul 2018

AFME Securitisation Data Snapshot: Q2 2018

Key highlights:

  • In Q2 2018, EUR 67.2 bn of securitised product was issued in Europe, an increase of 14.9% from Q1 2018 (EUR 58.5 bn) and a decrease of 7.9% from Q2 2017 (EUR 73.0 bn).

  • Of this, EUR 37.6 bn was placed, representing 56.0% of the total, compared to EUR 32.2 bn placed in Q1 2018 (representing 55.0% of EUR 58.5 bn) and EUR 39.6 bn placed in Q2 2017 (representing 54.2% of EUR 73.0 bn).

  • In Q2 2018, PanEuropean CLOs led placed totals followed by UK RMBS and German Auto ABS.

    - PanEuropean CLOs increased from EUR 11.7 bn in Q1 2018 to EUR 15.2 bn in Q2 2018. According to Thomson Reuters LPC, the combined amount of European CLO resets and refinancings totalled EUR 5.1 bn in Q2 2018 (EUR 4.3 bn in Q1 2018).

    - UK RMBS increased from EUR 5.6 bn in Q1 2018 to EUR 9.7 bn in Q2 2018

    - Germany Auto ABS decreased from EUR 3.3 bn in Q1 2018 to EUR 1.9 bn in Q2 2018