Consel SpA an Italian consumer credit company plans to issue Monviso 2013, a €348 million ($454M) securitization deal backed by Italian consumer and personal loans, according to a Standard & Poor’s presale report.
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Analysts at Barclays forecast a total of €46 billion ($61 billion) in publicly-placed securitization issuance for 2013, according to their mid-year outlook.
June 17
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Ally Financial is plans to issue $508.21 million of auto receivables-backed notes.
June 17 -
As measured by balance, nearly 90% of commercial mortgage-backed securities that came out before 2009 and are still alive suffer from interest shortfalls.
June 17 -
Ocwen Financial (OCN) is one of several servicers bulking up in subprime in hopes of a day when it is no longer a dirty word.
June 17 -
CVC Credit Partners is marketing a $600 million collateralized loan obligation, according to Moody’s Investors Service.
June 17
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Nelnet is preparing a $453 million securitization of federally guaranteed student loans, its fourth of the year.
June 17 -
Sallie Mae has appointed Steven McGarry as senior vice president of corporate finance.
June 17 -
Iconix Brand Group priced an upsized offering of $275 million of notes backed by licensing fees.
June 17 -
U.S., U.K. and Canada credit card performance will remain stable for the remainder of 2013, with Canada more sensitive to unemployment rate moves.
June 17 -
Credit Suisse is planning to issue a £200.2 million ($314 million) securitization backed by U.K. buy-to-let and owner-occupied non-conforming residential mortgage loans, from its Alba series.
June 14 -
Sallie Mae sold $225 million of BBB-rated bonds with a 3.05-year weighted average life and a 3.5% coupon rate via its SLM Student Loan EDC Repackaging Trust 2013-M1.
June 14 -
Ford Motor Co. priced its Series 2013-3 and Series 2013-4 auto floorplan-backed securitizations, according to a Securities and Exchange Commission filing.
June 14