VCL Master Netherlands B.V. is a Euro-denominated ABS that will issue two series of notes backed by 260.05 million in outstanding principal of from more than 14,000 vehicle lease contracts, as well as 108.97 million in receivables residual values.
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Duke Energy Florida's $1.3 billion utility fee securitization sets an important precedent.
June 21 -
Hunting and fishing equipment retail chain Cabelas is planning a $425 million credit-card receivables securitization, as it also explores a sale of the company and/or its credit-card operations.
June 20 -
Speculative-grade corporate liquidity seems to have improved over May and June, but Moody's warned the lowering of the stress index is due more to bankruptcy technicals, not "fundamental improvement."
June 20 -
Oportun Financial Corp., formerly Progreso Financiero Holdings, is offering $102.9 million in Class A notes and $22.07 million in Class B notes. The deal is rated by Kroll Bond Rating Agency.
June 20 -
Weakening credit quality and falling prices on used-car values will cause some deterioration in existing auto asset-backed portfolios this summer, predicts Fitch Ratings.
June 20
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The economics of actively managing a pool of leveraged loans for the benefit of several different classes of investors is not good. So some CLO managers are putting their deals on autopilot.
June 20 -
HSBC agreed to pay $1.58 billion to settle a 14-year-old shareholder lawsuit over allegations that executives of a U.S. subprime-lending business acquired by the bank misled investors.
June 17 -
Sierra Auto Finance, a subprime auto lender founded by a former executive of Exeter Finance, is making its debut in the securitization market.
June 17 -
Issuance volume of asset-backed securities for the year through June 17, 2016.
June 17 -
Underwriting league tables for asset-backed securities for the year through June 17, 2016,
June 17 -
Ford Motor Credit has launched an offering of $810 million of securities backed by prime retail auto loans.
June 17 -
California's new, higher legal smoking age heralds more trouble for tobacco securitization debt, said an analyst who has followed the sector for years.
June 16




