AFME is pleased to circulate the European Securitisation Data Snapshot for Q3 2024.

Key highlights:

Q3 2024 European Issuance

• In Q3 2024, EUR 47.8 bn of securitised product was issued in Europe, a decrease of 28.1% from Q2 2024 (EUR 66.5 bn) and an increase of 21.1% from Q3 2023 (EUR 39.5 bn).
• Of this, EUR 35.4 bn was placed, representing 74.0% of the total, compared to EUR 45.4 bn placed in Q2 2024 (representing 68.3% of EUR 66.5 bn) and EUR 25.8 bn placed in Q3 2023 (representing 65.2% of EUR 39.5 bn).
• In Q3 2024, Pan-European CLOs led placed totals, followed by UK RMBS and German Auto ABS:
  • Pan-European CLOs decreased from EUR 13.9 bn in Q2 2024 to EUR 10.6 bn in Q3 2024;
  • UK RMBS decreased from EUR 10.6 bn in Q2 2024 to EUR 5.5 bn in Q3 2024; and
  • German Auto ABS decreased from EUR 3.2 bn in Q2 2024 to EUR 2.6 bn in Q3 2024.