Capital One is roadshowing its first ever senior/subordinated non-prime auto deal this week, a Capital One official confirmed. The transaction will be led by Citigroup Global Markets and Wachovia Securities and will be structured down to the triple-B level. The official said the deal is expected to hit the market next week, but was unable to comment on the deal's size.
The global bank said it's ready to take advantage of opportunities to accelerate investments into its business, with an eye toward achieving longer-term, sustainable growth. Analysts had tough questions about the plans.
After the turbo period—months 12 through 39—classes A2, A2, B, C, D, E and F1 will receive enough principal payments to reach their respective target note balances and stay there.
The class A notes are exchangeable and will not have a note rate, KBRA specifies, but they will receive payments otherwise for payments due to exchangeable notes.
The Federal Reserve governor said the central bank should consider near-term rate hikes if core-measures of inflation continue to climb.
First-loss risk prompts Ellington's migration to the mezzanine level, although some secondary-market equity gets thumbs up.
Bipartisan pushback is targeting data centers with calls to eliminate tax breaks and ensure their energy consumption costs do not get passed on to residents.
