AFME is pleased to circulate the European Securitisation Data Snapshot for Q3 2023.

Key highlights:

Q3 2023 European Issuance

• In Q3 2023, EUR 39.5 bn of securitised product was issued in Europe,  a decrease of 58.6% from Q2 2023 (EUR 95.4 bn) and an increase of 0.4% from Q3 2022 (EUR 39.4 bn).
• Of this, EUR 24.4 bn was placed, representing 65.6% of the total, compared to EUR 20.3 bn placed in Q2 2023 (representing 21.3% of EUR 95.4 bn) and EUR 19.0 bn placed in Q3 2022 (representing 48.2% of EUR 39.4 bn).
• In Q3 2023, Pan-European CLOs led placed totals, followed by UK RMBS and German Auto ABS:
  • Pan-European CLOs increased from EUR 4.9 bn in Q2 2023 to EUR 6.5 bn in Q3 2023;
  • UK RMBS decreased from EUR 6.1 bn in Q2 2023 to EUR 6.0 bn in Q3 2023; and
  • German Auto ABS increased from EUR 1.9 bn in Q2 2023 to EUR 2.3 bn in Q3 2023.