A collective sigh must have fallen across weathered European collateralized loan obligation (CLO) managers when news emerged about H.J. Heinz Co.’s decision to forgo selling a European portion of its $12 billion LBO financing in mid-March.
-
Ginnie Mae is moving closer to merging the Ginnie I MBS program into the Ginnie II MBS program and now it is going to develop a blueprint to manage the consolidation.
July 10 -
Resolution of distressed legacy CMBS has helped improve delinquencies in the market but it doesn’t mean that these deals have escaped downgrades.
July 10 -
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).
July 10 -
Both British Airways and Doric, to non-U.S. originators, successfully placed respective EETC issues to finance new aircraft deliveries.
July 10 -
Nomura's $440 million residential mortgage securitization has sparked a debate about the risk of deals backed by a large number of loans in the same state.
July 10
-
While the issuance of overall auto-related ABS is running behind 2012’s year-to-date figure, the sub-prime sector is actually ahead of the same time frame last year
July 10 -
Santander Consumer USA broke the lull in ABS primary market issuance with plans for a $891.14 million subprime auto loan securitization.
July 9 -
Nomura Corporate Funding is issuing a $440.081 million jumbo residential mortgage-backed securitization.
July 9 -
Freddie Mac plans to issue a $1.37 billion multifamily CMBS, its eleventh deal this year.
July 9 -
A large number of commercial mortgage backed securities (CMBS) are maturing this quarter in the region of Europe, the Middle East and Africa, but only a few are expected to actually repay,
July 9 -
Wells Fargo plans to issue a $1.4 billion commerical mortgage-backed conduit transaction called Wells Fargo Commercial Mortgage Trust 2013-LC12.
July 9 -
An influx of capital from catastrophe bonds and other non-traditional forms of reinsurance is pushing overall rates down, despite higher losses.
July 9

