A commercial mortgage backed security (CMBS) from SBA Communications Corporation is being prepped for $1.3 billion.
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Standard & Poor’s has joined the chorus warning of deeper risks in conduit CMBS issued this year compared with 2012-and-earlier vintages.
June 10 -
GE Money Bank Switzerland is planning a CHF200 million ($213M) issue backed by Swiss auto lease receivables, the second Swiss Auto ABS of 2013.
June 10 -
.Three subprime auto loan backed deals from General Motors, DriveTime Automotive and First Investors join the pipeline this week
June 10 -
The overall 30+ day CMBS DQ rate has fallen about 50 bps year to date to 9.07%, according to Trepp figures and this trend is likely to continue in 2013.
June 10 -
Springleaf Financial is looking to top up its debut consumer loans asset-backed securitization issued in February with a $400 million deal.
June 10
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Consumer Portfolio Services is working on its second subprime auto securitization of the year; 31% of the $185 million transaction will be pre-funded.
June 7 -
PHH Corp. priced an upsized $700 million auto lease securitization called PHH Chesapeake Funding LLC 2013-1 today. The deal was originally sized at $450 million.
June 7 -
A policy fight is threatening the recovery of collateralized loan obligations in Europe.
June 7 -
GoldenTree Asset Management is joining the list of U.S.-based CLO managers marching to Europe.
June 7 -
There's growing interest in bonds backed by shipping container leases, and this could prompt underwriters to structure deals with higher-rated tranches, according to DBRS.
June 7 -
Consumer ABS issuance is becoming more of a credit product than a liquidity product, as consumer fundamentals weaken and issuers find less need to access securitization in an environment of substantial liquidity, according a Wells Fargo securitization report.
June 6 -
The Vermont Student Assistance Corp. is planning to issue a $15.87 million private student loan securitization, according to Fitch Ratings.
June 6