Issuance of new U.S. collateralized loan obligations is likely to level off after ‘skyrocketing’ in the first quarter, according ot Fitch Ratings.
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Trimaran Advisors, a wholly-owned subsidy of KCAP Financial, is planning a $426.3 million collateralized loan obligation called Catamaran CLO 2013-1.
June 27 -
U.S. prime auto ABS, backed by both leases and loans, have experienced robust performance; but the subprime sector has not shared the same fate.
June 27 -
More volatile market conditions may keep most credit card securitization issuers out of the market but maturing 2008 vintage bonds could refinance once the market improves.
June 27 -
Leeds Building Society plans to issue the next investor-placed U.K. RMBS; but issuance in this once dominant sector of securitizations continues to fall below recent years as banks find cheaper funding with the Bank of England’s funding for lending scheme.
June 26 -
Louisiana State Treasurer John N. Kennedy wants a special meeting of the State Bond Commission to reconsider the state's proposed refunding of $628 million of tobacco settlement revenue bonds.
June 26
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LCM Asset Management priced a $418 million collateralized loan obligation, bringing issuance for the year to $40.6 billion.
June 26 -
Sen. Elizabeth Warren raised concerns about an $8.5 billion line of credi that the Federal Home Loan Bank of Des Moines has provided Sallie Mae
June 26 -
DNA Alpha Limited is planning a $630 million aircraft pass through certificates deal. The certificates were rated by Moody’s Investors Service.
June 26 -
British Airways is prepping $929 million of aircraft pass-through certificates.
June 25 -
Solar ABS across the Atlantic remains unlit despite having a rapidly growing solar industry to support it, said panelists speaking at last week’s Information Management Network’s Global ABS renewable energy session.
June 25 -
Cantor Commercial Real Estate said it appointed Faisal Ashraf, former head of capital markets at Credit Suisse, as managing director and head of special situations, in the company’s real estate finance business team.
June 25 -
Deutsche Bank, Cantor Fitzgerald and UBS plan to issue a $905.6 million CMBS conduit transaction that is collateralized by 80 commercial mortgage loans that are secured by 137 properties.
June 25