In Q2 2019, EUR 60.7 bn of securitised product was issued in Europe, an increase of 87.3% from Q1 2019 (EUR 32.4 bn) and a decrease of -10.9% from Q2 2018 (EUR 68.1 bn)
Of this, EUR 27.7 bn was placed, representing 45.6% of the total, compared to EUR 16.5 bn placed in Q1 2019 (representing 50.9% of EUR 32.4 bn) and EUR 38.3 bn placed in Q2 2018 (representing 56.2% of EUR 68.1 bn)
In Q2 2019, PanEuropean CLOs led placed totals followed by UK Residential Mortgage-Backed Securities (RMBS) and Dutch RMBS:
- PanEuropean CLOs increased from EUR 7.3 bn in Q1 2019 to EUR 9.7 bn in Q2 2019. According to Refinitiv LPC, the combined amount of European CLO resets and refinancings totalled EUR 2.3 bn in Q2 2019 (EUR 0.8 bn in Q1 2019)
- UK RMBS increased from EUR 5.6 bn in Q1 2019 to EUR 6.4 bn in Q2 2019
- Dutch RMBS increased from no placed issuance in Q1 2019 to EUR 3.8 bn in Q2 2019
