Securitisation Data Snapshot Q3 2026

Key highlights:

Q3 2026 European Issuance

1. In Q3 2026, €48.4bn of securitised product was issued in Europe, an increase of 0.2% from Q3 2025 (€48.3bn).

    

2. Of this, €44.4bn was placed, representing 91.7% of the total, compared with €41.4bn placed in Q3 2025 (representing 85.7% of €48.3bn).

    

3. Year-to-date (YtD) issuance reached €168.5bn in the first three quarters of 2026, a decrease of 10.7% from €188.7bn issued over the same period in 2025. Of this, €135.6bn was placed, an increase of 14.4% from €118.5bn of placed issuance in the first three quarters of 2025.

    

4. In Q3 2026, Pan European CLOs led placed totals, followed by UK RMBS and UK CMBS. On a year-to-date basis, UK RMBS was a key driver of the increase in European placed issuance:

   1. Pan European CLOs decreased by 4.5%, from €46.5bn in 2025 YtD to €44.4bn in 2026 YtD.

   2. UK RMBS increased by 20.8%, from €20.9bn in 2025 YtD to €25.2bn in 2026 YtD.

   3. UK CMBS increased by 61.5%, from €4.4bn in 2025 YtD to €7.1bn in 2026 YtD.