The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Securitization set for another record year

European securitization in 2004 is set to exceed the issuance record set last year, according to a report from the European Securitization Forum.

In the first six months of this year ?125.6 billion of bonds were issued in Europe, putting the market on course to exceed the ?217.2 billion issued in 2003. In the same period last year ?95.1 billion in bonds were issued, 32.2% lower than this year.

Although mortgage-backed securities (MBS) still dominate the market, accounting for ?70.1 million of the issuance in the first six months of 2004, it is non-mortgage asset-backed securities (ABS) that accounted for the majority of the growth on last year. MBS grew 17.4% from ?59.7 billion in the first half of 2003, while ABS grew 56.8%.

This is good news for corporate securitization, which usually takes the form of ABS rather than MBS. According to a separate report from Standard & Poor's, European corporate issuance totalled £6.7 billion in the first half of 2004, up from £3.7 billion in the first half of 2003. Of the eight transactions to June this year, six originated in the UK, one in Italy and the other in France.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree