Finance

Ohio Power Company plans to issue a $267.4 million utility receivables securitization deal called Ohio Phase-In-Recovery Funding LLC.

Banco Popolare di Vicenza priced the 1.8 year, €980 million A1X tranche of Berica PMI within price guidance at 240 basis points over the three month Euribor.

Ford and Mercedes-Benz are both planning auto loan securitizations, adding a total of roughly $2.3 billion to this week’s pipeline.

General Electric Capital Corporation is prepping a $508 million securitization of equipment leases, according to a presale report by Fitch Ratings.

Sonic Corp., the drive-in restaurant chain operator, issued $155 million of notes backed by franchising revenue.

The deal, the first from the Credit Account Master Trust this year, features two classes of floating-rate notes, as well as a non-publically offered collateral interest class.

Nissan is marketing a $1 billion auto loan securitization, according to a regulatory filing.

The deal, Volkswagen Auto Lease Trust 2013-A, is expected to settle July 25.

The ClassA(2013-6) notes, upsized to $900 million, priced at a spread of one-month Libor plus 42 basis points.

Oak Hill Offers $200M CLO, OHA Loan Funding 2013-2, with a $116 million senior tranche that priced at 127 basis points over three-month Libor

Chase is planning a $600 million offering of securities backed by credit card recievables; it may be upsized to as much as $1.2 billion.

All tranches of the transaction, GSMS 2013-GC13, priced five basis points guidance, with the exception of the final tranche, which priced in line with guidance.

Honda priced an upsized, $1.5 billion prime auto loan securitization; the three-year tranche priced at 27 basis points over swaps.

The $331.3 million student loan securitization is backed by FFELP loans from 65,089 borrowers.

Ares Management is marketing a €300 million collateralized loan obligation, according to a presale report published by Moody’s Investors Service.

Sallie Mae will be “opportunistic” about any future sales of residual interests in federally guaranteed student loan securitizations, Joseph DePaulo, executive vice president, banking and finance said today.

Sallie Mae's gain on the sale of residual interest in FFELP deals boosted second quarter earnings.

Philip Darivoff will serve as chairman of the board of DFG and its parent company, Vibrant Capital Partners.

For the first time since the financial crisis, the market of private label commercial mortgage backed securities is more active than those deals coming from government-sponsoredf agencies.