The Prime Collateralised Securities Initiative is aiming to boost synthetic securitization, which offer an alternative way for European banks to free up capital for more lending.
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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.
March 27 -
Trade-ins represent a growing risk for auto lenders, according to Moody's Investor Service.
March 27 -
Citigroup has launched the first offering of commercial mortgage bonds in a week.
March 24 -
Investcorp Credit Management EU is debuting its first European CLO since announcing its acquisition of the debt management business from 3I Group last October.
March 24 -
Competition for leveraged loans is tough, and thats forcing some of the biggest buyers to tap new sources of financing.
March 24
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The LSTA pointed to recent research reports noting that outsized exposure to certain troubled retail apparel and department stores has expanded for collateralized loan obligations.
March 24 -
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Global distressed debt fund manager King Street Capital Management is issuing its first collateralized debt obligation ever.
March 23 -
Implementation of the second phase of the common securitization platform had been projected for next year, but the anticipated time frame was delayed following "lessons learned" from the first phase.
March 23 -
Fannie Mae has obtained reinsurance for $510 million of credit losses on $20.4 billion of single-family residential mortgages through a pair of credit insurance risk transfer transactions.
March 23 -
GMAC is issuing its eighth asset-backed UK transaction in a £385.8 million (US$481.3 million) bond offering backed by individual and small-business vehicle lease contracts.
March 22 -
The lawsuit against the Commercial Finance Association also names Andrea Petro, the president of the organization, and her employer, Wells Fargo & Co., as defendants, according to the complaint that was filed in in federal court last month.
March 22


