Barclays is preparing a $1 billion whole business securitization for CKE Restaurants, the parent company of Carl’s Jr. and Hardee’s, according to a person familiar with the situation.
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The latest generation of European CLOs may expose investors to a risk that didn’t exist in most collateralized loan obligations issued before the financial crisis: fluctuations in foreign exchange rates.
May 29 -
The Structured Finance Industry Group’s first executive director hails from an issuer.
May 29 -
In late April, the Turkish Catastrophe Insurance Pool (TCIP) issued its first catastrophe bond; conditions it would seem are ripe for other emerging markets to follow suit.
May 29 - Europe
With Global ABS around the corner, it’s only fitting that we turn our attention to Europe.
May 29 -
The commercial mortgage-backed securities market’s near miraculous turn around and the bonds’ plunging spreads, as well as indications of deteriorating credit quality, suggest buyers should beware.
May 29
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A bipartisan group of senators led by Sen. Bob Corker, R-Tenn., is drafting legislation designed to reform the housing finance system, including a plan to wind down the government-sponsored enterprises.
May 29 -
Issuance of securitizations of prime auto loans is falling short of the pace in 2012, a trend that analysts from Wells Fargo ascribe partly to a shift in consumer behavior from buying to leasing.
May 29 -
A large portfolio sale of collateralized debt obligations reportedly planned by Royal Bank of Scotland is set to test market appetite for non-agency residential mortgage-backed securities.
May 29 -
The Prime Collateralised Securities initiative, announced a year ago, has been adopted by issuers but it still gaining credibility with regulators.
May 29 -
Sallie Mae said today during a conference call that plans to divide the company into two distinct businesses signals the next chapter for the student loan originator in a post- Federal Family Education Loan Program (FFLEP) environment.
May 29 -
Draghi looks to ABS market as way to lift Europe’s small businesses —and economy.
May 29 -
As the U.S. hurricane season approaches, catastrophe bond sponsors are taking advantage of a surge in investor enthusiasm to renew existing deals at much lower rates and expand or initiate programs.
May 29