Finance

Marine container securitizations set an all-time record in 2012 with issuance totaling $3.6billion in volume.

Sallie Mae said that it will continue to issue FFELP ABS to finance the redemption of all legacy FFELP loans previously sold into the U.S. Department of Education’s Straight –A conduit program.

Hertz priced an upsized, $950 million offering of three-year and five-year notes backed by its fleet of rental cars.

Morgan Stanley is marketing a $519 million CLO for LCM Asset Management.

Macquarie Bank priced $500 million of Aussia auto lease-backed notes targeting U.S. investors; a floating-rate tranche maturing in May 2015 pays Libor plus 27 basis points.

Goldman Sachs and Citigroup are next in line with the second conduit CMBS deal of the week, according to a U.S. Securities and Exchange prospectus filed today.

Deutsche Bank are marketing its $1.49 billion conduit CMBS deal, COMM 2013-LC6 Mortgage Trust’s, according to a Standard & Poor’s presale report published today.

Covered bond investors are taking a more flexible view of the ratings and other characteristics of these investments, according to a survey conducted last month by Fitch Ratings. Yet they are discriminating about which jurisdictions they want exposure to.

Prime auto ABS pricing spreads show solid demand for high quality ABS sectors.

Arbor Realty Trust has priced a $260 million deal backed by bridge loans, its second commercial real estate collateralized loan obligation.

Goldman Sachs is marketing $650.35 million of loans backed by lease payments and sale proceeds of a portfolio of 26 narrowbody commercial aircraft.

A rebound in mortgage refinancing activity this month should be an influence in February and March MBS prepayments, though the day count will be the primary driver.

Ally Financial priced its first non-prime public transaction structured with a novel revolving structure, to good investor appetite.

More non-traditional CMBS deals are expected to hit the market said industry sources at on day two of the Commercial Real Estate Finance Council’s annual industry conference in Miami.

Fitch Ratings projected on Thursday that structured finance issuance in Europe would, in the aggregate, stay flat in 2013 from 2012.

General Motors priced an upsized, $1 billion subprime auto loan securitization

Ally Financial Inc. upsized its subprime auto deal, Capital Auto Receivables Asset Trust 2013-1, to $1.56 billion from $940 million.

The Term Asset-backed securities Lending Facility has turned a profit of $173 million, so far.

Hertz Corp. plans to launch a $750 million securitization backed by its rental fleet vehicles, according to a presale published yesterday by Moody's Investors Service.