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The transaction's senior, interest-only tranches, which are also initially exchangeable, pay a coupon of 0.50%.
May 6
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A federal judge has ordered FDATR, a now-defunct student loan debt relief provider, to pay $43 million in restitution and fees, bucking the trend of cases brought by the Biden administration-era Consumer Financial Protection Bureau being dropped.
May 5
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The transaction will issue about 10 classes of notes, composed of one term bond and nine serial bonds.
May 5
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The company took a break from securitization during the first quarter but was able to get a deal done shortly after the fiscal period ended.
May 5
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The pace of hiring drove traders to dial back rate-cut bets that had steadily mounted as Trump's trade war unleashed havoc in financial markets and sowed fears of a US recession.
May 5
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Indexed to the one-month, I-Curve, yields are expected to range from 4.60% on the A1+ rated, A1 notes to 6.22% on the BBB-rated, class D notes.
May 2 -
President Donald Trump's proposed budget would nix funding for Community Development Financial Institutions in minority-heavy areas while expanding it for rural areas.
May 2
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The administration is pitching a $26.7 billion reduction to the regulator's funding for rental assistance, public housing and elderly and disability housing.
May 2
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The labor market continues to cool gradually, a sign that businesses facing heightened uncertainty and turmoil didn't significantly alter their hiring plans.
May 2
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The rating agency said 82 of the 114 loans, representing 76.4% of the portfolio's value, have final balloon payments.
May 1
