Springleaf plans to issue its third subprime RMBS of the 2013. The latest deal is sized at $344.2 million, according to a Standard & Poor’s presale report.
-
Both were backed exclusively by super regional malls, but one, backed by five Starwood Capital Group malls, priced wide of initial talk, while the other, backed exclusively by the Aventura Mall in Aventura, Florida, priced inside initial guidance.
December 16 -
The Long Island Power Authority (LIPA) priced its $2.138 billion utility bond securitization deal to strong investor demand.
December 16 -
The overall delinquency rate for loans backing commercial mortgage backed securities is expected to continue to decline in December and January on the back of large loan dispositions
December 16 -
Heavy supply has helped keep spreads on commercial mortgage bonds range-bound over the past couple of weeks, and J.P. Morgan.expects this to continue for the rest of the year.
December 16 -
When JP Morgan agreed to spend $4 billion in consumer relief as part of its $13 billion settlement with the U.S. Department of Justice, it also put investors in these mortgage bonds on the hook.
December 13
-
The final version allows banks to own and lend money to collateralized loan obligations backed exclusively by loans, though they may have to sell holdings of deals backed by bonds or other securities.
December 13 -
Citibank priced an offering of $1.12 billion of floating rate bonds backed by credit card receivables from its Citibank Credit Card Issuance Trust.
December 13 -
The Wells Fargo,RBS CMBS conduit and the Deutsche Bank,Cantor Fitzgerald conduit are both expected to price the super senior notes, 10-year notes tight.
December 13 -
GE Capital is prepping a $305 million securitization of aircraft engine leases, according to a presale report published by Standard & Poors.
December 12 -
This week the National Bank of Canada became the fourth bank to establish a covered bonds program under the 2012 Canadian covered bonds legal framework.
December 12 -
The Michigan Public Service Commission (MPSC) approved a securitization that cover most of the costs tied to retiring Consumers Energys 950MW of older, coal-fired plants.
December 12 -
Some banks will have to restructure their programs to comply, but they've already invested so much work in complying with other new regulations that they're unlikely to pull the plug now.
December 12