AFME is pleased to circulate the European Securitisation Data Snapshot for Q3 2019

Key highlights:

Q3 2019 European Issuance

• In Q3 2019, EUR 40.4 bn of securitised product was issued in Europe, a decrease of 33.4% from Q2 2019 (EUR 60.7 bn) and a decrease of 25.0% from Q3 2018 (EUR 53.9 bn)

• Of this, EUR 31.1 bn was placed, representing 77.0% of the total, compared to EUR 27.7 bn placed in Q2 2019 (representing 45.6% of EUR 60.7 bn) and EUR 30.0 bn placed in Q3 2018 (representing 55.7% of EUR 53.9 bn)

• In Q3 2019, PanEuropean CLOs led placed totals followed by UK Residential Mortgage-Backed Securities (RMBS) and German Auto ABS:
  • PanEuropean CLOs increased from EUR 9.7 bn in Q2 2019 to EUR 11.9 bn in Q3 2019.
  • UK RMBS increased from EUR 6.4 bn in Q2 2019 to EUR 6.5 bn in Q3 2019
  • German Auto ABS increased from EUR 1.4 bn in Q2 2019 to EUR 3.0 bn in Q3 2019