The notes are backed by Hondas typically strong collateral in prime loans with high-quality credit borrowers (average FICO of 761) and lengthy seasoning (13.61 months), and supported by a hard credit enhancement of 2.75%. But the new securitization continues a recent trend in Honda ABS issuance that includes more long-term loans in excess of 60 months.
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Student loan servicer Navient is marketing another $497 million of securities backed by federally guaranteed student loans, according to rating agency reports.
April 5 -
Sonic Industries is returning to the securitization market with seven-year bonds backed by current and future franchise fees, restaurant royalties and other intellectual property.
April 4 -
A strong finish to March allowed the U.S. leveraged loan market to have its best quarter in nearly four years, according to Markit.
April 4 -
Fraikin Groupe is refinancing a truck lease securitization, according to Standard & Poors.
April 4 -
With the pricing of five new deals since mid-March, the European collateralized loan obligation market has broken out from a slow start in 2016 to put itself on pace to match, or exceed, 2015 new-issue volume levels.
April 3
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Ginnie Mae is mulling whether to guarantee a new type of securitized-loan pool.
April 3
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Issuance volume of asset-backed securities for the year through April 1, 2015.
April 1 -
Underwriting league tables for asset-backed securities for the year through April 1, 2016.
April 1 -
DriveTime Automotive Group is marketing its second subprime auto loan securitization of the year, according to rating agency reports.
April 1 -
Hyundai Motor is marketing its first offering of the year of bonds backed by dealer inventory financing, according to rating agency reports
April 1 -
The Los Angeles-based manager, a unit of Canyon Capital Advisors, is issuing its first CLO in nearly a year through Canyon CLO 2016-1. The transaction is a follow-up to the $400 million Canyon Capital CLO 2015-1 issuance in April 2015.
April 1 -
AmeriCredit Financial Services, a unit of GM Financial, is marketing its second subprime auto loan securitization of the year, according to Moodys Investors Service.
April 1
