European Placed Securitisation Leapt 135% Q1 To Q2 2017 - AFME

--Q2 Volumes At Highest Levels Since Start GFC

By Tara Oakes

     BRUSSELS (MNI) - Placed securitisation in Europe jumped 135% from Q1 2017

to Q2 2017, according to data released by the Association for Financial Markets

in Europe (AFME).

     The group's report, published Monday, said E71.6bln of securitised product

was issued in Europe in Q2 2017, of which E38.7bln was placed. The statistics

mark a notable rise from Q1 2017, when E37.4bln was issued and E16.5bln was

placed.

     Q2 2017 figures show a 5% decrease in issued securitization products

compared to Q2 2016 when E75.3bln was issued - but a higher proportion and total

of placed securitisation. In Q2 2016 E29.6Bln was placed, meaning that Q2 2017's

figures are a 31% increase from the same quarter the year before.

     "The 2Q 2017 placed volume is the largest since Q4 2008," AFME said in a

statement. This puts placed volume at the highest level since the early days of

the financial crisis.

     "The increase in placed issuance was driven by UK RMBS -- particularly a

large E9bn deal (Ripon Mortgages: U.K. residential mortgage buy-to-let loans) --

and E13.2 in placed CLOs," they added.

--MNI Brussels Bureau; +44 203-865-3851; email: tara.oakes@marketnews.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

[TOPICS: M$E$$$,MI$$$$]