The reliance of asset-backed commercial paper conduits (ABCP) on liquidity agreements with banks means they will be affected by Basel III’s proposed liquidity coverage ratio (LCR).
-
American Express priced an upsized offering of $777.77 million of five-year notes from its American Express Credit Account Master Trust, according to a regulatory filing.
September 19 -
-
Nine states prevailed last week in arbitration with tobacco companies in their dispute over the size of 2003 payments due under the 1998 master tobacco settlement, providing a boost for their outstanding tobacco bonds.
September 18 -
The Federal Reserve won’t taper its MBS purchasing program, despite some improvement in the U.S. economy and contrary to what securitization market industry players expected.
September 18 -
Wells Fargo Securities announced today that Robert J. Fernandez joins as head of the international debt capital markets group based in London.
September 18
-
A rebound in subprime auto loan securitization comes with the relaxation of lending standards by originators looking to fuel loan growth.
September 18 -
It’s official: Hilton Worldwide’s mega commercial mortgage backed securitization weighs in at $3.5 billion.
September 17 -
Vornado Realty Trust (VNO) may soon look to dispose of its J.C. Penny and Lexingto Realty Trust holdings, in a move that would simplify the real estate investment trusts’s non-core holdings said Fitch Ratings.
September 17 -
Angelo, Gordon & Co. is working a $350 million collateralized loan obligation, its first of 2013.
September 17 -
Two subprime auto deals for a combined $477 million are slated to close next week, according to pre-sales from Standard & Poor’s.
September 17 -
The Royal Bank of Canada lined up a new securitization backed by a pool of credit card receivables , according to a Moody's Investors Service presale report.
September 17 -
Sallie Mae plans to inject the primary pipeline with a $624 million dose of private student loan-backed securitization, following up on its FFLEP-backed student loan ABS issued last week.
September 17

