Brent Lewis has joined Hunton & Williams' structured finance and securitization practice as counsel in New York.
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Ohio Power Company, a wholly-owned subsidiary of American Electric Power Company (AEP), priced its $267.4 million utility receivables securitization deal called Ohio Phase-In-Recovery Funding LLC.
July 24 -
The $1 biillion (upsized from $500 million) class A notes priced at one-month Libor plus 42 basis points. The $53.57 million (upsized from $26.79 million) class B notes priced at one-month Libor plus 70 basis points.
July 24 -
J.G. Wentworth latest $173 million transaction will securitize lotto winnings, along with structured settlement payments and assignable annuity streams.
July 23 -
A drop in the haircuts applied to securitizations used for collateral funding from the European Central Bank (ECB) is a positive for the sector, according to analysts at Bank of America Merrill Lynch.
July 23 -
Kroll Bond Rating Agency, Fitch Ratings and Moody’s Investors Service assigned preliminary ratings of ‘AAA’/’AAA’/’Aaa’ respectively to $371.62 million of class A notes to be issued by Redwood Trust.
July 23
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This latest deal totals $345.05 million and features 20 tranches, inluding exchangeable interest-only certificates.
July 23 -
Upgrades might be in store for some Russian residential mortgage-backed securities (RMBS)
July 23 -
The Series 2013-1 notes are backed by a $661.425 million portfolio dubbed Trinity Rail Leasing 2012 LLC containing 7,201 railcars. This fleet portfolio also backs the $333.84 million series 2012-1 notes.
July 23 -
Ohio Power Company plans to issue a $267.4 million utility receivables securitization deal called Ohio Phase-In-Recovery Funding LLC.
July 22 -
Banco Popolare di Vicenza priced the 1.8 year, €980 million A1X tranche of Berica PMI within price guidance at 240 basis points over the three month Euribor.
July 22 -
Ford and Mercedes-Benz are both planning auto loan securitizations, adding a total of roughly $2.3 billion to this week’s pipeline.
July 22 -
General Electric Capital Corporation is prepping a $508 million securitization of equipment leases, according to a presale report by Fitch Ratings.
July 22
