Citibank Credit Card Issuance Trust is issuing its latest revolving Citiseries securitization through $1.1 billion in notes backed by prime credit-card receivables. Also, IHS Market notes the tightening spreads in many U.S. consumer ABS asset classes.
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The $319 million transaction is the fifth so far this year as an increase in international trade boosts demand and the cost of manufacturing new containers rises.
June 4
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Investors are lining up to buy bonds backed by the franchise fees of fast food chains, providing attractive financing for their private equity backers.
June 4
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Credit metrics in a $147.5 million deal deteriorated mildly compared with the lender's previous securitization, but the real issue, according to S&P Global, is a new repossession fee that eats into recoveries.
June 1
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Late payments on securitized commercial mortgages fell in May, bucking the trend of the past year. But all of the improvement came from office buildings.
June 1
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Domino’s Pizza, the restaurant and delivery chain owned by Bain Capital, is marketing $2.075 billion of notes backed by the fees and payments from its network 14,000 franchised stores.
June 1
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GrandSouth Bancorp's issues with floor-plan loans to car dealers serve as a reminder of another pitfall in auto lending besides consumer loans.
May 31
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A real estate investment fund controlled by Blackstone Group is tapping the commercial mortgage bond market to refinance a portfolio of 18 life science, laboratory and medical buildings.
May 31
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Center Parcs Group, a company that operates short-break vacation sites across England, plans to sell £830 million (US$1.06 billion) in bonds backed by its operational cash flow.
May 31
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The investment bank, which co-lead the lender's previous two transactions, contributed a portion of the collateral for the $232 million student loan securitization.
May 30
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CMSC 2017-FHA1 is the first transaction of 2017 from this issuance shelf, and the deal by anyone backed by reperforming FHA mortgages since 2010, according to Moody’s Investors Service.
May 30
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FHFA Sounds Alarm on Home Loan Bank Funding, Advances
May 30
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The broad bill, sponsored by House Financial Services Committee Chairman Jeb Hensarling, R-Tex., would provide an off-ramp for banks that agree to hold a leverage ratio of at least 10% and would gut the Consumer Financial Protection Bureau, among other provisions.
May 25
