-
The deal features a principal acceleration trigger. If breached, the transaction will divert all additional funds to paying down the principal on the notes.
9h ago -
The Treasury Department held a high-stakes huddle with state insurance officials to discuss risks associated with the rapid growth of private credit in the economy and whether those investments could pose systemic vulnerabilities.
11h ago -
The transaction comes to market with initial hard credit enhancement levels of 33.60%, 22.90%, 13.50% and 8.65% across the subordinate tranches, higher than the previous deal.
May 7 -
The 30-year fixed spiked earlier in the week, but fell as Middle East news helped to drive the 10-year Treasury yield lower by 9 basis points by Wednesday.
May 7 -
The percentage of investors who view the market as better than it was a year ago fell to 36% from 45% in the winter, according to a spring survey.
May 6 -
The A1 VFN tranche is a variable funding note whose proceeds can be used for general corporate purposes, including acquisitions.
May 6
Published December 07, 2014, 8:11 a.m. EST
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Updated December 07, 2014, 8:23 p.m. EST
1 Min Read
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