AFME is pleased to circulate the European Securitisation Data Snapshot for Q4 2024 and 2024 Full Year.

Key highlights:  

Q4 2024 European Issuance

• In Q4 2024, EUR 63.0 bn of securitised product was issued in Europe, an increase of 31.6% from Q3 2024 (EUR 47.8 bn) and an increase of 49.2% from Q4 2023 (EUR 42.2 bn).
• Of this, EUR 18.4 bn was placed, representing 29.3% of the total, compared to EUR 35.4 bn placed in Q3 2024 (representing 74.0% of EUR 47.8 bn) and EUR 28.4 bn placed in Q4 2023 (representing 67.3% of EUR 42.2 bn).
• In Q4 2024, Pan-European CLOs led placed totals, followed by UK RMBS and Spanish Consumer ABS:
  • Pan-European CLOs increased from EUR 10.6 bn in Q3 2024 to EUR 13.1 bn in Q4 2024;
  • UK RMBS increased from EUR 5.5 bn in Q3 2024 to EUR 8.5 bn in Q4 2024; and
  • Spanish Consumer ABS increased from EUR 0.7 bn in Q3 2024 to EUR 1.5 bn in Q4 2024.

2024 Full Year European Issuance

• In 2024, EUR 244.9 bn of securitised product was issued in Europe, an increase of 14.8% from the EUR 213.3 bn issued in 2023.
• Of this, EUR 131.3 bn was placed, representing 53.6% of the total, compared to EUR 94.7 bn placed in 2023, representing 44.4% of the total.
• In 2024, PanEuropean CLOs led placed totals (EUR 49.2 bn) followed by UK RMBS (EUR 33.8 bn) and German Auto ABS (EUR 9.7 bn).