Finance

Limited partners and investors have stepped up their requests for climate change data on the portfolio level over the last 12 to 24 months, according to 78% of asset managers focused on high yield and leveraged loan bonds.

Benchmark will issue 21 classes of certificates, with 13 entitled to principal and interest payments. Six classes will receive interest only.

The company also locked a record $4.7 billion in jumbo loans and significantly increased its business purpose lending from a year ago as its revenue mix shifted toward its taxable subsidiary.

Forget the goods supply-chain crisis threatening global risk assets: the real test comes next year when a service-sector boom drives labor costs higher and pressures central banks to tighten policy more decisively.

The securitization is backed by an irrevocable financing order that empowers the issuer to impose, collect and receive fixed recovery charges (FRC), from retail customers.

Credit ratings on the subsequent securitizations “remained relatively stable,” despite program transaction ratings being linked to the sponsoring airlines’ corporate ratings.

Larger system wide sales, three note classes and a cash trapping period, are among the four key changes to the pending transaction. It is also the largest Cajun Global series.

Over time, the MFIT securitizations have been getting larger in dollar volume, pricing at tighter spreads, and benefiting from more subordination.

While the trust is exposed to potential for degraded performance during the revolving period, Fitch pointed out that obligors tend to prioritize DPP payments.

Hertz Global Holdings Inc.’s $4.2 billion deal with Tesla Inc. is about more than just an order for 100,000 cars. It’s about vaulting electric vehicles into the mainstream.

Button Finance intends to use the capital to develop its underwriting platform and increase hiring.

The enormous issuance is backed by a single loan secured by first-priority mortgages on a pool of about 6,148 single-family rental homes, and 299 townhouses.

President Joe Biden and fellow Democrats are racing to reach agreement on a scaled-back version of his economic agenda, with a self-imposed deadline and his departure later this week for summits in Europe intensifying pressure on negotiations.

The deal is fortified with collateralization, subordination and reserve accounts throughout the capital structure to get most of the notes to top ratings.

Bond traders’ expectations for how fast inflation will rise over the coming five years have topped 3% for the first time on record.

Roger Hochschild predicts consumers will keep using their Discover cards in the months ahead, particularly when shopping online.

The supply chain crunch appears to be reflected in this deal, which has the smallest collateral pool of lease contracts since 2019, at 35,020.

Market-implied expectations for U.S. inflation for the next half-decade surged to the highest in 15 years amid the latest increase in commodity prices.

The Oportun Issuance Trust 2021-C is one of the first deals on the platform to be backed by secured personal loans.

The reception in the market to structured single-family CRTs' return at the government-sponsored enterprise was strong enough for it to plan to follow up this transaction with another one next month.