Ares Management lowered the coupon on a senior tranche of its Ares Enhanced Loan Investment Strategy IR, which had stepped up twice since it was printed in 2013. It also refinanced two other tranches.
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Deutsche Bank said the U.S. Justice Department is seeking $14 billion to settle a probe tied to residential mortgage-backed securities, more money than it's willing to pay
September 16 -
Issuance volume of asset-backed securities for the year through September 16, 2016.
September 16 -
Underwriting league tables for asset-backed securities for the year through September 16, 2016.
September 16 -
E-Carat S.A., Compartment 9 is comprised of two series of rated notes of undetermined size, backed by a pool of 513.5 million in loans.
September 15 -
The high volume of commercial mortgages maturing this year has left some property owners scrambling for funds to refinance. Not so for these eight borrowers, who took advantage of the strong price appreciation of their iconic office buildings, luxury hotels, super regional shopping malls, and even a portfolio of rental homes, to cash out In some cases, the tune of hundreds of millions of dollars of equity.
September 15
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Deutsche Bank may have to make additional legal provisions if a settlement with U.S. authorities over the sale of residential mortgage-backed securities exceeds $4 billion, according to analysts at JPMorgan Chase.
September 15 -
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.
September 15 -
JPMorgan is dipping into its toolbox for a type of financial engineering rarely seen these days: re-remic, or a securitization of real-estate mortgage investment conduits.
September 15 -
Goldman Sachs, Morgan Stanley and Bank of American Merrill Lynch are marketing two CMBS conduits totaling nearly $2 billion, according to rating agency reports.
September 14 -
Morgan Stanley and Barclays Bank are marketing $550 million of bonds backed by a mortgage on Merchandise Mart, a 24-story, four million square foot art deco landmark in downtown Chicago.
September 14 -
Chase Bank, Discover, RBC and Alliance Data Systems Corp. through subsidiary Comenity Bank each received preliminary triple-A ratings for their new card-backed securitizations. The largest of the deals, Chases $1.1 billion Chase Issuance Trust 2016-7 through its ChaseSERIES platform, closed Monday.
September 14
