While the U.S. CLO market sputters behind its 2015 pace, European collateralized loan obligation deals this year are leading the 2015 clip by a nose. But dont expect that comparably healthy advantage to translate into a rush of Euro-denominated deals by years end.
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Deutsche Bank is securitizing a $710 million mortgage backed by a portfolio of 155 skilled nursing, assisted and independent living facilities with 18,870 licensed beds, in 20 states.
October 26 -
A recent federal court decision affirming the right of a servicer to collect on private student loans originated on Sallie Maes behalf isnt just good news for investors in student loan-backed securities; its also good news for marketplace lending platforms.
October 26
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A German consumer finance arm of Crédit Agricole is securitizing its third rated pool of unsecured consumer loans in a 1.3 billion (US$1.48 billion) transaction.
October 26 -
CVCRE 2016-6 consists of four super-senior class A notes tranches and three subordinate classes. The senior A notes have a preliminary triple-A rating structured finance rating from Morningstar and Fitch Ratings.
October 26 -
USAA is planning to issue another $280 million of catastrophe bonds through its Residential Re platform.
October 25
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Lending Club is pivoting back to the strategy it was pursuing prior to the abrupt ouster of its chief executive officer in May.
October 25
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Engs Commercial Finance, a specialty lender that finances the acquisition of trucks and trailer by small and medium-sized businesses, is making its second trip to the securitization market.
October 25 -
Investcorp is buying the debt management business of 3i Group for £222 million (US$270.6 million, giving the Bahrain-based private equity firm with one of the larger cross-border CLO management operations.
October 25
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JP Morgan is securitizing a portion of a $557 million loan backed by a portfolio of 103 office buildings and flex properties, which have multiple uses, such as office space, manufacturing and warehouse distribution.
October 24 -
A single class of floating-rate Class A notes totaling $896 million is being issued through the Navient Student Loan Trust in the seven-death conducted by Navient this year.
October 24 -
Renewable Funding, a/k/a Renew Financial Group, is structuring its second round of Property Assessed Green Energy (PACE) green bonds this year financing residential renewable energy and energy efficiency projects for California homeowners.
October 24 -
Several banks, including Fifth Third Bancorp and Citizens Financial Group, plan to scale back indirect auto lending, citing increased competition and narrowing spreads. Others are reducing exposure by selling off large chunks of auto loans though they remain committed to auto lending.
October 24
