AFME is pleased to circulate the European Securitisation Data Snapshot for Q1 2023.
Key highlights:
Q1 2023 European Issuance
- In Q1 2023, EUR 35.9 bn of securitised product was issued in Europe, a decrease of 45.2% from Q4 2022 (EUR 65.5 bn) and a decrease of 43.9% from Q1 2022 (EUR 63.9 bn).
- Of this, EUR 19.9 bn was placed, representing 55.4% of the total, compared to EUR 11.6 bn placed in Q4 2022 (representing 17.7% of EUR 65.5 bn) and EUR 32.7 bn placed in Q1 2022 (representing 51.2% of EUR 63.9 bn).
- In Q1 2023, Pan-European CLOs led placed totals, followed by UK RMBS and German Auto ABS.
- Pan-European CLOs increased from EUR 6.0 bn in Q4 2022 to EUR 6.5 bn in Q1 2023;
- UK RMBS increased from EUR 1.7 bn in Q4 2022 to EUR 4.9 bn in Q1 2023; and
- German Auto ABS increased from EUR 0.9 bn in Q4 2022 to EUR 4.2 bn in Q1 2023.
