Finance

Some participants at the ABS East conference sponsored by Information Management Network are not convinced transparency will boost liquidity.

Bonds backed by auto loans are widely viewed as the most liquid sector of the asset backed market, according to a survey at the ABS East Conference, sponsored by Information Management Network

Participants at the ABS East conference don’t expect asset-backed securities or other kinds of structured finance to change hands online anytime soon.

Volkswagen Leasing plans to issue a €723 million ($937 million) securitization backed by German auto lease receivables.

Deutsche Bank plans to issue €250 million ($324 million) of securities backed by two commercial mortgage loans that are secured by 20 properties, according to a person familiar with the deal.

American Homes 4 Rent today priced its second single family rental securitization.

BANIF Banco Internacional do Funchal S.A plans to place €875 million ($1.12B) of securities backed by a pool of current accounts and term loans that BANIF granted to Portuguese self-employed and small and midsize enterprises (SMEs).

MotoNovo Finance, a division of FirstRand Bank, plans to issue £101.3 million of securities backed by U.K. auto leases, according to a Moody’s Investors Service presale. Mercedes Benz and Santander Consumer also respectively priced German and Norwegian auto loan paper.

GMAC plans a £100 million U.K. auto loan securitization, E-Carat 4, according to presale reports.

Virgin Money is returning to the market with a securitization of U.K. residential mortgage securities under its Gosforth master trust program.

Santander Consumer Bank plans to issue €700 million ($918 million) of securities backed by Norwegian auto loan receivables under its Bilkreditt trust.

Issuance of European syndicated corporate leveraged loans stands at record $53.7 billion for the year to date, according to Dealogic.

Mercedes Benz Bank plans to issue €800 million in securities backed by German loan receivables for cars, vans, trucks, and buses.

The Securities and Exchange Commission has adopted a rule requiring more disclosure about the quality of loans in asset-backed securities.

Bank of America Merrill Lynch has increased its forecast for issuance of bonds backed by airplane and railcar leases and timeshare loans and other non-traditional asset classes for 2014 by $5 billion to $20 billion.

On Wednesday the Securitization and Exchange Commission will consider whether to adopt rules revising the disclosure, reporting and offering process for all things asset-backed.

Volkswagen Financial Services plans to issue a securitization backed by U.K. auto loans, according to Standard & Poor’s.