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Moody's Ratings has assigned AAA to the Class A notes, which account for 87.3% of the transaction.
July 7
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This could be the second year in a row that the market for U.S. bank preferred shares has shrunk, something that hasn't happened since the lenders were replacing obsolete capital after the global financial crisis.
July 7
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Managers of collateralized loan obligations are struggling to make the numbers work after high demand from investors enabled borrowers to squeeze their interest margins.
July 7
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The transactions represent Hertz's 16th and 17th term ABS transactions from the Hertz Vehicle Financing platform.
July 7
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Treasury Secretary Scott Bessent indicated that some countries lacking an agreement by the deadline Wednesday will have the option of a three-week extension to negotiate.
July 6
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The proceeds will finance the portfolio, which trades in the primary and secondary loan markets.
July 3
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The CLO will include a $500 million portfolio of first-lien senior secured leveraged loans.
July 3
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Barclays led the sale, which consisted of three investment grade rated bonds and one rated junk.
July 3
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BBVA SA is sounding out investors for a significant risk transfer linked to corporate loans, according to people familiar with the matter.
July 3
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3
