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  • Avis returns with first rental car ABS of 2021

    ABS

    Avis returns with first rental car ABS of 2021

    Rental car company Avis is looking to get a securitization deal done for the first time since its blockbuster deal in August 2020. Despite the headwinds of the pandemic, the firm achieved its best Ebitda margin ever in the first quarter thanks to aggressive cost cutting measures and returning demand for travel.

  

  

People & Markets

  • BNP Paribas adds two MDs for EMEA ECM push

    BNP Paribas adds two MDs for EMEA ECM push

    BNP Paribas has made two senior hires in European equity capital markets as part of an ambitious effort to challenge for top league table positions in the region.

  • Cred Ag fills senior DCM roles from within

    Cred Ag fills senior DCM roles from within

    Crédit Agricole has promoted four staffers to fill vacant and newly created jobs in its debt capital markets leadership team, including global head of financial institutions DCM and head of European corporate DCM.

  • DCM automation hits milestone with LSEG deal

    DCM automation hits milestone with LSEG deal

    A $7bn equivalent nine-tranche bond issued by London Stock Exchange Group in March put the newest generation of bond documentation software through its paces. It was the first deal of its size and complexity to use one of the growing array of automation technology platforms.

  • BofA launches UK private capital push with Goldman hire

    BofA launches UK private capital push with Goldman hire

    Bank of America has hired a managing director from Goldman Sachs to help lead a new team in its UK investment banking division that aims to increase the bank’s coverage of private and emerging growth companies.

  • The UK shouldn’t chase Spacs

    Leaders

    The UK shouldn’t chase Spacs

    The Financial Conduct Authority’s plan to look at helping US-style special purpose acquisition companies list in London smacks of short-termism.

  

Southpaw
by David Rothnie

Securitization