The ESN has landed

About this episode

The episode discusses the debut of European Secured Notes and the implications for the securitization market.

Send us Fan Mail ◆ What now for European Secured Notes ater long-awaited debut? ◆ The mood in European securitization amid MFS fallout and reg reform ◆ Digitalisation of bond market is up to the regulators Bpifrance achieved a world first this week, pricing the inaugural European Secured Note. The deal was a success but it has taken about a decade to get the product from concept to market. The question is now where next for ESNs? This twist on a covered bond has clear applications...

Topics covered

• European Secured Notes
• securitization
• bond market
• digitalisation
• regulatory impact

Keywords

• European Secured Notes
• securitization
• bond market
• digitalisation
• regulatory reform
• Bpifrance
• MFS fallout

Mentioned in this episode

Organizations: Bpifrance

Products: European Secured Note

More episodes of The GlobalCapital Podcast

• Two comebacks and a pull-back: credit card ABS, insurance tier two and SSA bonds · June 5, 2026 · 28 min
• Par from the Maduro crowd? · May 29, 2026 · 44 min
• SSAs and US Treasuries: crossing the final frontier · May 22, 2026 · 52 min
• Starmer, strife and sterling bonds · May 15, 2026 · 43 min
• Justice for covered bonds (and securitization) · May 8, 2026 · 38 min
• The outbreak of Warsh · May 1, 2026 · 41 min