California Republic Bank plans to tap the securitization market with $350 million of bonds backed by a pool of new and used prime auto loans, according to a DBRS presale report.
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New Jersey's Higher Education Student Assistance Authority is planning to issue $180 million of bonds to fund the purchase of new loans over the next year and a half.
May 6 -
The Wendys Company plans to refinance its $1.3 billion senior secured credit facility with a $2.3 billion securitization and $150 million of variable funding notes, the company said in a press release.
May 6
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Synchrony Bank, formerly GE Capital Retail Bank, upsized an offering of three-year notes backed by credit card receivables to $885 million from $660 million originally.
May 6 -
Manufacturers that fund customer lending via the securitization market just got a break from the Commodity Futures Trading Commission.
May 5
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Veteran commercial mortgage backed securities analyst Darrell Wheeler joined Standard & Poors this week as head of research for global structured finance, confirmed a person at the company today.
May 5
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Peter Danna joins the company as director of business development for asset backed securities ratings.
May 5
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Concerns about Fannie Mae and Freddie Mac guaranteeing low down payment mortgages are overblown.
May 5
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Wells Fargo has named Kyle Hranicky chief of its corporate banking group
May 5 -
Synchrony Bank, formerly GE Capital Retail Bank, is prepping its second credit card securitization of the year.
May 4 -
A J.P. Morgan securitization report this week says that Fitch Ratings increased subordination requirements in CMBS deals prompted issuers to drop the rating agency from all but the senior portion of deals.
May 4
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The Iowa Student Loan Liquidity Corp. is marketing $40.69 million revenue bonds.
May 4 -
