The consumer ABS market got off to a strong start in January, with the auto sector once again leading the way; issuance was up on the year, and spreads narrowed, led by subordinated bonds.
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Paratus AMC formerly GMAC-RFC, priced the senior notes from its £120 million ($183 million) nonconforming deal, Virgil Mortgage No. 1.
April 18 -
Non-performing loans collateralized by commercial properties in Germany, the U.K., Ireland and Spain are attracting buyside interest, according to Ernst & Young’s 2013 NPL report.
April 18 -
The Loan Syndications and Trading Association and the Securities Industry and Financial Markets Association have jointly developed a pair of proposals to help collateralized loan obligations comply with the U.S.'s new Foreign Account Tax Compliance (FACTA) tax regulations.
April 18 -
Everbank Commercial Finance it tapped Mike Foster as a business development manager for its growing healthcare group.
April 18 -
Aspen Reinsurance launched Aspen Capital Markets and appointed Brian Tobben managing director of the newly created unit, according to a company press release.
April 18
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Wells Fargo and RBS priced the $785.7 million, WFRBS 2013-C13 fixed rate CMBS conduit yesterday at tighter spread levels than earlier April prints.
April 18 -
Issuance of new U.S. collateralized loan obligations is likely to level off after ‘skyrocketing’ in the first quarter, according ot Fitch Ratings.
April 18 -
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Pramerica has adjusted the structure of a €300 million CLO it priced this month, presumably to reflect the fact that an unusually large portion of the collateral is in fixed-rate bonds, as opposed to floating rate loans.
April 17 -
Seix Investment Advisors is returning to the CLO market for the first time since the financial crisis with a $400 million deal.
April 17 -
Franklin Templeton Investments announced that David Zahn has been promoted to Head of European Fixed Income.
April 17 -
North Carolina’s Joint Underwriting Association and Insurance Underwriting Association issued $500 million Series 2013-1 notes via a new catastrophe bond shelf program, Tar Heel Re.
April 17
