The Latest

BMW Financial Services is marketing $833.9 million of securities backed by receivables collected from lines of credit it makes to retail automotive dealerships.

Goldman Sachs is marketing $1 billion of commercial mortgage bonds with heavy exposure to retail properties in secondary and tertiary markets, according to Kroll Bond Rating Agency.

American Express is marketing $571.43 million of notes backed by prime credit card receivables, according to Fitch Ratings.

Roark Capital is using a whole business securitization to refinance its purchase of Driven Brands.

Blackstone Group's Invitation Homes, after spending more than $9 billion in a U.S. property-buying spree, is starting to sell some houses as it shifts focus from rapid expansion to fine-tuning its holdings.

China Property & Casualty Reinsurance Co. has issued a cat bond covering earthquake risk for $50 million. It's the first time a Chinese insurer has tapped this market.

Mercedes-Benz Financial Services USA, a unit of Daimler AG, is marketing $959 million of notes; Nissan Motor Acceptance Corp's offering totals $1.04 billion.

Ally Bank is marketing its first prime auto loan securitization of the year, according to Moody’s Investors Service.

Multi-issuer Spanish covered bonds are benefiting from an ongoing shift in the composition of assets in cover pools, according to Fitch Ratings.

Steven Noreika has been named chief financial officer at Fifth Street Finance Corp. (FSC) and Fifth Street Senior Floating Rate Corp. (FSFR), replacing Richard Petrocelli.