Eurozone securitisation dealmaking bounced back in Q2
Special purpose vehicles bought €19.2 billion of securitised bank loans in Q2
Sales of securitised loans to special-purpose entities (SPEs) revved up in the second quarter, having dried up earlier this year with the outbreak of the coronavirus pandemic.
Data from the European Central Bank (ECB) shows that net purchases of loans by eurozone SPEs, referred to as financial vehicle corporations, amounted to €16 billion ($19.1 billion) over Q2. The prior quarter, SPEs sold a net €7 billion of loans.
Eurozone bank loans were the most popular choice last quarter. Net
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