AFME Securitisation Data Report, Second Quarter 2015

In Q2 2015, EUR 46.6 billion of securitised product was issued in Europe, an increase of 33.6% from Q1 2015 (EUR 34.9 billion) but a decline of 53.1% from Q2 2014 (EUR 99.5billion). Of the EUR 46.6 billion issued, EUR 25.3 billion was placed, representing 54.3% of issuance, compared to EUR 19.7 billion placed in Q1 2015 (representing 56.5%) and EUR 19.6 billion placed in Q2 2014 (representing 19.7%).

Net issuance in the second quarter was negative. UK RMBS continued to lead placed totals (EUR 4.8 billion) in the second quarter, followed by European CLOs (EUR 4.5 billion) and German auto (EUR 2.8 billion).

At the end of Q2 2015, EUR 1.34 trillion was outstanding, of which EUR 728.6 billion (54.5% of outstanding) was retained.

About the Report

The AFME Securitisation data report, done in partnership with AFME , is a quarterly report that consolidates both U.S. and European data for the securitisation markets:

  • issuance activity;
  • deal sizes;
  • outstanding balances;
  • rating changes;
  • credit spread changes;
  • index data;
  • ABCP issuance; and
  • highlights and commentary.

For more information on AFME’s efforts in the European structured finance sector, please visit AFME.

Credits

AFME

  • Managing Director: Richard Hopkin
  • Manager: Anna Bak
  • Manager: Julio Suarez

SIFMA Research

  • Managing Director, Director of Research: Kyle Brandon
  • AVP, Research: Sharon Sung