Overseas Private Investment Corporation (OPIC) and the Multilateral Investment Guarantee Agency (MIGA) have introduced new products that expand the scope of PRI policies, according to a report by Fitch Ratings.
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The deal, Moorgate Funding 2014-1, will offer £510 million ($858 million) of notes backed by first-lien, U.K. non-conforming residential mortgages owned by Kilimanjaro AM.
April 28 -
Allstate Insurance is preparing an as-yet unsized catastrophe bond; The deal is designed to transfer the risk of outsized insurance claims for losses from named storms in 30 states and earthquakes, including resulting fires, in California, New York, and Washington.
April 25 -
Senate Banking Committee leaders want to win as much support as possible for their housing finance reform legislation before a panel vote on Tuesday, but it's possible that a failure to win over certain members could ultimately assist their cause.
April 25 -
After the financial crisis, Turkish banks found that they could continue to securitize diversified payment rights without the by-then worthless insurance wraps. Some banks have found that they can also do deals without arrangers from abroad.
April 25 -
The Euro Secured Notes Issuer, a securitization vehicle set up by 5 French banks to fund loans to smaller companies, made its debut issuance this month, selling 2.6 billion of bonds.
April 25
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Floridas Citizens Property Insurance Corp. upsized its latest catastrophe bond twice to $1.5 billion before pricing it Thursday.
April 25 -
Kroll has assigned a preliminary AAA rating to a single, $134 million tranche with a stated maturity of May 2029 to be issued by PFS Tax Lien Trust 2014-1.
April 24 -
The young business of large-scale single-family rental companies is profiting from the housing bust in more ways than one.
April 24 -
The deal, which is rated by Standard & Poor's, will offer £242.53 of notes backed by higher-risk U.K. mortgages.
April 24 -
The deal, Nelnet Student Loan Trust 2014-3, is backed entirely by Federal Family Education Loan Program loans, including approximately 21.3% of rehabilitated loans
April 24 -
The issuer priced the deal, Volkswagen Auto Loan Enhanced Trust 2014-1, on Wednesday in line with initial guidance, according to a pricing term sheet.
April 24 -
The Federal Reserves two-year deadline extension for banks to conform their collateralized loan obligation to the Volcker Rule apparently will not port over to the new owners of the notes prior to July 2017.
April 23



