The European Commission said that by April 1 it plans to issue its decision on whether European Union member states can securitize unpaid taxes to raise cash to cut their budget deficits. The same deadline is set for EU member states to report debt and deficit figures for 2005. Greece, which has its own securitization of unpaid taxes awaiting the decision, reported on Friday that it had already received preliminary approval from the Commission to use securitization proceeds for budget revenue. However, a spokesperson for the Commission could not confirm whether or not the deal had been approved.
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The notes will price against Treasurys, with spreads expected to fall between 85 and 90 basis points over the benchmark.
4h ago -
Bluegreen Vacation originated the loans and Fitch expressed confidence in its record of good performance as servicer.
April 23 -
Lendbuzz sells the notes as it juggles mixed performance results from 2023. Originations and revenues saw huge jumps, but so did operating expenses.
April 23 -
Institutions and their investors are facing pressure from climate activists, cautiously awaiting interest rate cuts and adjusting to new Federal Reserve and FDIC policies.
April 23 -
After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
April 22 -
Price guidance was not available on the series 2024-1, the database notes that the series 2024-2 class A notes are expected to price between 63 and 65 basis points over the three-month interpolated yield curve.
April 22