Mercedes-Benz Financial Services USA plans to issue $1.26 billion of auto lease-backed notes, according to a Fitch Ratings presale report.
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California Republic Bank completed a $238 million securitization of prime auto loans; residual interest sold privately.
June 21 -
Ally Financial priced a $500 million subprime auto loan securitization; it features a one-year revolving period
June 20 -
Amherst Securities Group, an approved Fannie Mae and Freddie Mac securities underwriter, has brought on Chris McDowell as a managing director in fixed income trading and sales,
June 20 - Europe
New regulations aimed at reducing the European securitization market’s reliance on external credit ratings were enacted today, according to Emil Paulis, the European Commission’s director responsible for financial markets
June 20 - Europe
Panelist speaking at this morning’s IMN Global investor roundtable said that the ECB push for SME securitization may give banks a carte blanche to push an originate to distribute model for these assets.
June 20
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The growing U.S. housing recovery is ‘credit positive’ for timber revenue securitizations, according to Moody’s Investors Service.
June 19 - Europe
Nobody wanted to hear it and nobody wanted to say it but even as IMN Global ABS makes the move back to its home, during the securitization market's heyday, of Barcelona, Spain; attendees can still expect to be talking about regulations.
June 19 -
Fitch Ratings has rated the first residential mortgage-backed securitization from Shellpoint Partners, a multi-tranche deal worth $261 million
June 19 - Europe
Securitizations of loans to small European companies should be stuctured as simple transactions with three tranches, said Sharon Bowles, chair of the European Parliament’s Economic and Affairs Committee.
June 19 -
Goldman Sacs has named Ian Gilday head of origination for collateralized loan obligations in EMEA.
June 19 -
Nations Equipment Finance completed a $153 million term securitization of equipment lease and loan backed notes.
June 19
