Ford Motor Credit is offering its fifth dealer floorplan securitization of the year, marketing $862.75 million in bonds that back lines of credit provided by the captive finance company to its network of dealers.
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The $1.57 billion Ford Credit Auto Owner Trust 2017-A is lauded by Moodys Investors Service for its high weighted average FICOs (736) and as a strong follow-up to its last transaction (FCAOT 2016-C) that also featured slightly stronger pool characteristics.
January 12
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A combination of loosened covenants, minimal call protections and aggressive, U.S.-style dry powder leveraging strategies have produced the most sponsor-friendly market for European leveraged loans since the financial crisis, according to a new report from U.S.-based Covenant Review.
January 12 -
DBRS, which recently expanded its scope of ratings coverage to include European corporates, has filled a new managing director role over its European structured finance team with the veteran analyst in commercial mortgage structured finance.
January 11 -
Total global funding raised by public companies for solar-sector energy projects fell to $9.1 billion in 2016, a 64% decline from 2015 investment levels, according to a report issued by a key industry consultancy.
January 11
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A second round of Dutch residential mortgages is being securitized this week with the issuance of Euro-denominated notes backed by 157.73 million in non-conforming home loans underwritten by ELQ Portefeuille I B.V., a specialty lender in The Netherlands.
January 11 -
Discover Bank plans to issue $800 million of five-year notes backed by credit card receivables, according to regulatory filings.
January 11 -
Two Republican senators sent a letter to Vice President-elect Mike Pence calling for the removal of Consumer Financial Protection Bureau Director Richard Cordray
January 10 -
Obvion, a Dutch mortgage lender owned by Rabobank, is kicking off 2017 with its 41st securitization of 1.19 billion in prime residential mortgages to homeowners in The Netherlands.
January 10
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Aetna Life is marketing its annual offering of catastrophe bonds offloading risk of medical claims.
January 10 -
CPS Auto Receivables Trust 2017-A is a $206.32 million asset-backed offering, the 24th overall for the indirect lender to troubled-credit borrowers whose FICO scores average 567.
January 9 -
Commercial mortgage lending by insurers rose slightly in the first half of 2016, though their allocations to the sector decreased slightly, according to the latest survey by the CRE Finance Council and Trepp
January 9
