In Q2 2019, EUR 60.7 billion of securitised product was issued in Europe, an increase of 87.7% from Q1 2019 but a decline of 10.8% from Q2 2018. Of the EUR 60.7 billion issued, EUR 27.7 billion was placed, representing 45.6% of issuance, compared to the 50.9% of issuance in Q1 2019 and the 56.3% of issuance in Q2 2018.

Outstanding volumes rose slightly to EUR 1.25 trillion at the end of Q2 2019, an increase of 4.6% QoQ and 3.9% YoY.

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, Head of Fixed Income: Richard Hopkin
• Associate Director, Securitisation: Anna Bak
• Director, Research: Julio Suarez

SIFMA Research

• Katie Kolchin, CFA
• Justyna Podziemska