Esoteric

With ideal macroeconomic fundamentals of economic growth and low interest rates still in place, S&P Global sees no reason for issuance to slow in 2018.

What helped to grow the market in 2017, even as foot traffic declined and same-store sales growth slowed across the quick serve dining industry, were structural innovations that widened the investor base.

The Kurban Group, a Lebanese travel conglomerate, recently closed on a rental fleet securitization that, despite its small size, represents some notable "firsts."

The Railsplitter Tobacco Settlement Authority will price a $679 million current and advance refunding of tobacco bonds.

Two proposals, limiting deductibility of interest and like-kind exchanges, would make securitization uneconomical for auto and equipment lessors, according to the industry trade group.

The collateral for the $59.9 million transaction from DRB Capital includes life-contingent structured settlement receivables; when the beneficiary dies, the insurer stops making payments.

A prepackaged restructuring will not disrupt servicing of the company's assets-backeds because the servicing subsidiary is not part of the filing.

The $160 million cell tower deal is the first since T-Mobile and Sprint abandoned merger talks that could have reduced lease renewals.

The new deal is smaller, at $130.1 million, and the collateral is almost entirely of PV systems financed through third-party loan agreements.

The German-based transport finance company is marketing a $722.5 million transaction secured by lease proceeds on a portfolio of 36 mostly older passenger jets.