GoldenTree Asset Management’s latest CLO will allow for up to 40% of its holdings to be invested in bonds, a large portion atypical of CLOs.
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The Federal Deposit Insurance Corp. announced that Oaktree Capital Management was the winning bidder for commercial real estate loans of the failed bank, Tennessee Commerce Bank .
October 19 -
Regulators are moving forward with proposals to apply the corporate bond transparency system known as TRACE (Transaction Reporting And Compliance Engine) to the entire MBS and ABS markets,according to Saber Partners.
October 19 -
Credit card securitizations almost exclusively consist of receivables of well-seasoned, high-quality cardholder accounts that have performed well despite persistently high unemployment, according to a Moody's Investors Service report published today.
October 19 -
Santander Consumer Bank pre-placed its Svensk Autofinans 1— the first Swedish securitization of 2012.
October 19 - Europe
The European Central Bank published details of its latest extension to collateral eligibility requirements, which will allow U.S dollar, U.K. sterling and Japanese yen collateral to be used in its monetary operations.
October 19
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The subordinated B-piece market has absorbed $1.6 billion in supply year-to-date, surpassing 2011's $1.5bn figure, according to Standard &Poor's.
October 18 -
The Royal Bank of Scotland said in a report today that the Spanish financial entity established to take over risky loans, but not RMBS, will begin operations on Nov. 19, under the name of Sareb.
October 18 - Europe
Moody's Investors Service said today that it will rate the senior swap and the class A+ Notes totalling $943million equivalent, issued by the German state sponsored bank, KfW under the Promise Neo 2012- 1 transaction.
October 18 -
ABS East 2012, organized by Information Management Network (IMN), is on track to be a little bigger and more upbeat than last year’s conference.
October 18 -
Magnetar Capital LLC confirmed today that it has hired Carlos Mendez and Josh Eaton, both previously at Sandler O'Neill & Partners' structured finance group, to its fixed income group.
October 18 -
Moody's Investors Service published an "unsolicited" comment today, warning investors that it would not have assigned a 'Aaa' rating to the senior notes in the Royal Bank of Scotland's Isobel Finance No.1 PLC deal; Europe's first non-performing real estate loan portfolio CMBS.
October 18 -
