A policy fight is threatening the recovery of collateralized loan obligations [CLOs] in Europe.
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Participants expect most issuance of collateralized loan obligations will refinance existing deals, according to a survey by the Loan Syndications and Trading Association.
September 9 -
Sallie Mae lined up a $747 million Federal Family Education Loan Program (FFLEP) backed ABS deal.
September 9 -
HLSS Holdings is coming out with a $350-million securitization of servicer advances, according to a presale report by Standard & Poor's.
September 9 -
Freddie Mac plans to issue $1.3 billion in mortgage-backed securities. The notes are expected to price this week, according to a press release on the deal.
September 9 -
PNC Financial Services Group has begun winding down Market Street Funding, an asset-backed commercial paper conduit that funds credit for corporate clients.
September 9
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Price guidance on Toyota Motor Credit Co.’s auto loan deal and Ford’s dealer floorplan securitization deal was issued on Friday.
September 9 -
Toyota Motor Credit and Hyundai Capital America have added over $2 billion of auto ABS to the pipeline.
September 8 -
The $1.4 billion deal is backed by prime quality loans, but the pool is highly concentrated in New York and Pennsylvania, according to Moody's Investors Service.
September 6 -
Chinas State Council introduced a series of measures that support the countrys developing securitization market but it wont be enough to significantly boost issuance in the short-term, said Fitch Ratings.
September 6 -
CMBS loans in special servicing decreased in August but the recovery rate on liquidated CMBS loans dipped, according to the latest quarterly index results from Fitch Ratings.
September 6 -
JPMorgan Chase is getting out of the student loan business due to stiff competition from federal lending programs
September 5 -
World Omni Financial Corp. is preparing to issue $783 million of bonds backed by leases on Toyota and Scion branded automobiles and light-duty trucks
September 5