Record securitization revenues were recorded from the EMEA region last year, with the total to the beginning of December reaching €6.9 billion, almost double the total for the whole of 2004 (€3.5 billion).
Analysts believe there should be further growth this year. “The EMEA securitization market is enjoying a newfound confidence by local originators and western capital investors alike,” says Standard & Poor’s credit analyst Alice Keegan.
According to Keegan, the two biggest contributors to last year’s record levels were Russian issuers entering the structured finance market for the first time and increased issuance from Turkey.
Emerging-market issuers are drawn to the asset class by the diversification it offers.
Domination
Two structures look set to continue their domination.
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