US banks branch out into new areas with back-to-back SRTs

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News & Analysis

ABF

Distressed

LevFin

Private Credit

Insolvent Bathla’s A$3.4bn debt highlights Aussie property woes

On Friday (4 September), the administrators of Bathla Group, one of Sydney’s largest, and now insolvent, homebuilders told the firm’s creditors its A$3.4bn ($2.45bn) debt stack may still grow. The builder owes most of that cash to private credit lenders, though claimants may number as many as 3,000.

4 Sept 2026

| APAC

News & Analysis

ABF

Investment Grade

Lloyds opts for Dutch RMBS over cheaper covered bond funding

With its second Dutch RMBS of the year, Lloyds Bank has brought the total it has raised in 2026 through securitisations of Dutch mortgages to €1.5bn, leaving very little, if any, to be drummed up in the covered bond market.

3 Sept 2026

| Europe

| US

News & Analysis

ABF

RMBS is back in vogue as demand outstrips massive supply

Nearly 20 years after the great financial crisis, US home equity is again the collateral bedrock of a boom in securitized debt, with the highest mortgage-bond supply in years met by even higher investor demand. This time, it looks very different.

28 Aug 2026

| US

| Europe

News & Analysis

ABF

Insurance coverage of SRTs grew by €2bn in 2025

Insurance company participation in significant risk transfer is surging, with insurers covering nearly one sixth of the SRT market last year, according to a report from the International Association of Credit Portfolio Managers.

26 Aug 2026

| Europe

| US

News & Analysis

ABF

Saluda Grade names chief strategy officer as it grows into a broader ABF platform

Saluda Grade has elevated former head of private credit Blake Eger to the newly created role of chief strategy officer and senior portfolio manager. The appointment is part of the alternative investment firm’s evolution beyond residential credit and into areas that include commercial mortgages and esoteric ABF.

25 Aug 2026

| US

News & Analysis

ABF

PGIM lands $3bn forward flow with GreenSky

PGIM has reached a deal to buy about $3bn of home improvement lending assets over three years from GreenSky. The $1.5trn asset manager announced the forward-flow agreement with the consumer lending fintech on Thursday (20 August). It’s one of the largest such deals of the year, following a spate of forward-flow agreements in July: $4bn between AI lending platform Upstart and Castlelake; $1.5bn between small business financier Wayflyer and Fortress Investment Group, and $750m between fintech Octane and AB CarVal, an arm of AllianceBernstein.

20 Aug 2026

| US