Experience isn the only thing that sets managers of collateralized loan obligations apart, according to Scott D’Orsi, a partner with Feingold O’Keeffe Capital; it's also a matter of investment style.
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JP Morgan is planning to issue a $616 million private label residential mortgage securitization, according to a presale report from Fitch Ratings.
March 20 -
Fifth Third priced $500 million of notes backed by auto loans; a $155 million, triple-A class with a WAL of 1.15 years priced at nine basis points over the Eurodollar synthetic forward rate;
March 20 -
The U.S. Department of Energy's (DOE)’s National Renewable Energy Laboratory (NREL) has formed a new working group with the goal to securitize solar PV assets and associated cash flows in the capital debt markets.
March 20 -
General Electric Capital Corp. priced $900 million of notes backed by credit card notes backed by credit card receivables on Tuesday afternoon, according to a U.S. Securities and Exchange Commission filing.
March 20 -
Container Applications is planning to sell $229 million of notes backed by container leases, according to a presale report published by Standard & Poor’s.
March 19
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Single asset/single borrower deals continue to dominate the CMBS pipeline this week with another two deals, for a combined $1.43 billion planned this week.
March 19 -
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.
March 19 -
Standard & Poor's preliminarily rates the $252m senior piece single-A.
March 19 -
The private student loan default rate remains higher than pre-recession levels despite decreasing year over year in 2013, according to Moody’s Investors Service.
March 19 -
Volvo plans to issue $662 million of notes backed by transportation equipment loans and leases according to a presale report published by Moody's Investors Service.
March 19 -
Rialto Capital is prepping a $213.6 million deal backed largely by non-performing commercial mortgage loans, according to pre-sales from Kroll Bond Ratings and Moody's Investors Service.
March 18 -
Greater use of credit bureaus by Russian originators is a credit positive for securitizations in that country.
March 18