Fifth Third Bank is in the market with $500 million of notes backed by prime retail auto loans, according to rating agency presale reports; it is the lender's first securitization since 2008.
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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
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Deutsche Bank is marketing a $500 million collateralized obligation for Western Asset Management that includes a delayed-draw tranche of notes.
May 29 -
Standard & Poor’s said in a report today that despite the weakening credit fundamentals for Dutch RMBS, collateral pools to date remain broadly stable.
May 29 -
The South Texas Higher Education Authority has lined up a $104.3 million Federal Family Education Loan Program (FFELP) –backed student loan securitization deal.
May 28 -
Deutsche Bank and Cantor Fitzgerald plan to issue a $1.4 billion CMBS conduit deal called COMM 2013-CCRE8.
May 28 -
Subprime auto lender, JD Byrider plans to return to the securitization market with its $121.4 million CarNow Auto Receivables Trust 2013-1 The lender brought its inaugural issue to market last year.
May 28 -
Freddie Mac plans to issue its ninth multifamiliy CMBS of 2013, a $1.3billion transaction that is backed by fixed-rate multifamily mortgages with a 7-year term.
May 28 -
Ally Bank plans to issue a $986 million auto lease ABS called Ally Auto Receivables Trust (AART) 2013-SN1.
May 28