High investor demand for collateralized loan obligation paper is squeezing spreads to their tightest levels in more than a year, even as improving monthly CLO issuance has reached its highest level of 2016.
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Amherst Pierpont Securities has named former Jefferies executive Erez Biala to form and direct a new collateralized loan obligation trading and origination platform at the fixed-income broker-dealer.
October 6 -
September was the busiest month for CLO issuance since mid-2015, accoriding to Thomson Reuters L
October 6 -
Consumer Portfolio Services' latest subprime auto loan securitization has the largest ever concentration of longer-term loans.
October 6 -
While Volkswagen continues its international efforts to remedy its 2015 diesel-engine emissions scandal, the German automaker also carries on with its ramped-up efforts since last fall to raise more capital through securitizations. The latest transaction is a 750 million (US$837.5 million) static pool of German vehicle lease receivables from both retail and commercial contracts.
October 6 -
Consumer delinquencies fell last quarter to their lowest point in at least 15 years, according to quarterly data released Thursday by the American Bankers Association.
October 6
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The Bank of Nova Scotia is launching its debut in the U.S. securitization market with bonds backed by auto loans denominated in Canadian dollars
October 6 -
The Florida Public Service Commission takes issue with the way that three U.S. credit rating agencies classify certain bonds issued on behalf of two power companies that operate in the state.
October 5 -
An affiliate of BBVA is securitizing 265 million in Spanish mortgages, a majority of which are formerly delinquent loans from the Catalonia region returned to performing status.
October 5 -
SoFi Lending is marketing another $427 million of bonds backed by unsecured consumer loans, according to rating agency reports.
October 5 -
Vertical Bridge CC, LL Secured Tower Revenue Notes, Series 2016-2 is a $196 million pooling of its 407 communications broadcast towers, including 377 that it acquired in a sale-leaseback transaction in December 2014 with iHeartMedia, Inc., the radio broadcast station ownership giant and its largest client.
October 4 -
An $890.7 million trust pool of 42 loans sold to a Deutsche Bank-affiliated trust is pursuing a daily double of high-risk collateral attributes: a bevy of underlying interest-only loans and a concentration in the more volatile office and hotel sectors.
October 4 -
More than $200 billion in securitized commercial mortgages come due soon, many of them still underwater
October 4
