Securitisation Data Report Q4 2025 & 2025 Full Year

AFME is pleased to circulate the European Securitisation Data Snapshot for 2025 Full Year and Q4 2025.

 

Key highlights:

    

2025 Full Year European Issuance

1. In 2025, €252.3bn of securitised product was issued in Europe, an increase of 3.0% from the €244.9bn issued in 2024.
2. Of this, €156.3bn was placed, representing 62.0% of the total, compared to €144.0bn placed in 2024, representing 58.8% of the total.
3. In 2025, Pan-European CLOs led placed totals (€60.5bn), followed by UK RMBS (€25.6bn) and German Auto ABS (€12.9bn).
4. In 2025, EU placed issuance (excluding CLOs) amounted to €57.0bn compared to €38.2bn of UK placed issuance.

 

Q4 2025 European Issuance

1. In Q4 2025, €63.6bn of securitised product was issued in Europe, an increase of 31.6% from Q3 2025 (€48.3bn) and an increase of 0.9% from Q4 2024 (€63.0bn).
2. Of this, €37.8bn was placed, representing 59.4% of the total, compared to €41.4bn placed in Q3 2025 (representing 85.7% of €48.3bn) and €31.1bn placed in Q4 2024 (representing 49.4% of €63.0bn).
3. In Q4 2025, Pan-European CLOs led placed totals, followed by UK RMBS and Italian Auto ABS:
1. Pan-European CLOs decreased from €16.4bn in Q3 2025 to €14.0bn in Q4 2025.
2. UK RMBS decreased from €6.5bn in Q3 2025 to €5.2bn in Q4 2025.
3. Italian Auto ABS increased from €1.7bn in Q3 2025 to €2.4bn in Q4 2025.