Synchrony Credit Card Master Note Trust 2016-3 Notes, an upsized $767.1 million structure of two senior classes of securitized bonds, priced near par on Wednesday at a coupon of 1.58% over Libor for the $700 million Class A notes stack, and 1.91% on a $49.9 million Class B notes slice.
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You cant pull money out of thin air, but thats what Sprint Corp. appears to be doing by entering into a sale-and-leaseback agreement for a portfolio of licenses granted by the U.S. government
October 21
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Issuance volume of asset-backed securities for the year through October 21, 2016.
October 21 -
Underwriting league tables for asset-backed securities for the year through October 21, 2016.
October 21 -
Earnest is marketing its fourth offering of bonds backed by refinance student loans, according to DBRS.
October 21 -
The number of unbanked households in the U.S. has continued to decline in recent years despite a slowing-down of the economic recovery, the Federal Deposit Insurance Corp. found in itsbiennial survey unbanked and underbanked households.
October 20
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The debt consolidation loans originated by GE are backed by French homes, in a deal arranged by Morgan Stanley and the second true-sale securitization of debt consolidation receivables. The deal builds on a smaller initial 871.2 million SapphireOne issuance in July.
October 20 -
Santander Consumer may be scaling back its presence in the subprime auto market, but the loans it makes to prime quality borrowers purchasing Chrysler, Jeep and Dodge vehicles are performing so poorly that Fitch now considers them to be midprime.
October 20
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What's really remarkable about the Appeals Court ruling on the CFPB is its rejection of the bureau's position that it's not subject to the statute of limitations.
October 20
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Wells Fargo is marketing another offering of commercial mortgage bonds that relies on a few relatively high quality loans to boost the overall credit metrics of the collateral pool.
October 19 -
Moody's Investors Service concluded its review of five federally guaranteed student loan securitizations either sponsored by or administered by Nelnet. The rating reviews take into account the slower rate of repayment of the collateral.
October 19 -
Structured settlement finance company J.G. Wentworth is seeking to close next week on its first securitization of 2016 with a portfolio of receivables from court judgement, annuity and lottery proceeds purchased from consumer claimants.
October 19
