The Rhode Island Student Loan Authority (RISLA) is issuing $50.26 million in new revenue bonds backed by a pooling of new and consolidated loans to be originated through the states private loan program.
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Issuance volume of asset-backed securities for the year through April 28, 2017.
April 28 -
A single-borrower deal and a conduit commercial mortgage securitization priced this week, bringing private-label issuance for April to $3.6 billion barely half of Marchs $7 billion.
April 28 -
Firms that offer loans to small-time landlords have been slow to tap the securitization market. So far there has only been one transaction with a public credit rating, in December 2016. Yet bundling these loans into collateral for bonds provides attractive financing.
April 28 -
The London office of Commerzbank AG Debt Fund Management is pricing its third overall CLO in a with a senior loan portfolio targeted at 346.2 million.
April 28 -
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.
April 28
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Bram Smith is retiring as executive director of the Loans Syndication & Trading Association effective at years end, the trade group announced Thursday. Smith has been with the LSTA for nine years, joining as interim executive director in September 2008 before he was installed as permanent ED in December 2009.
April 27
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The Trump Administrations initial tax plan may be short on details, but a bipartisan bill introduced Wednesday promises some very specific relief for the commercial real estate industry.
April 27
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Morgan Stanley and Bank of America Merrill Lynch are marketing a commercial mortgage securitization that relies on the L-shaped strategy to comply with risk retention.
April 26 -
The Consumer Financial Protection Bureau ordered an auto loan servicer on Wednesday to pay $2.4 million in fines and redress to consumers for failing to abide by a 2015 consent order alleging it bullied members of the military.
April 26 -
Bayview Asset Management is marketing its third package of re-performing mortgages acquired last year from former subprime HELOC lender CitiFinancial Credit Corp. in a $182.98 million transaction.
April 26 -
Fitch Ratings says the default rate for leveraged loans held by CLOs it rates remains "benign" at 0.4%, although slight concerns remain about bankruptcies looming defaults from speculative-grade debt held by key retail, media and energy sector firms.
April 25 -
The first conduit commercial mortgage securitization to hit the market in several weeks has significant exposure to offices and hotels.
April 25
