(Updated: 3/17/2004 11:57:48 AM) For deal details, contact Kevin Donovan at 212-803-8739. credit cards | ||
Deal: Bank One Issuance Trust 2004-C1 | --priced-- | $150 million |
Lead: BOA/JPMorgan Securities | ||
Deal: Capital One COMET 2004-A2 | --mkting-- | $500 million |
Lead: BCG/MS | ||
--- subtotal: $650 million --- | ||
equipment | ||
Deal: Navistar Financial Owner Trust 2004-A | --priced-- | $600 million |
Lead: BOCM/CITI | ||
--- subtotal: $600 million --- | ||
global RMBS | ||
Deal: Granite Mortgages 2004-2 | --mkting-- | $2.63 billion (equiv) |
Lead: n/a | ||
Deal: Holmes Financing No. 8 | --mkting-- | $5.48 billion (equiv) |
Lead: BCG/LB/UBS | ||
Deal: Medallion Global Trust 2004-1 | --mkting-- | $1.5 billion |
Lead: CITI/DB/Nomura Securities | ||
--- subtotal: $9.61 billion --- | ||
real estate ABS | ||
Deal: Countrywide Home Equity Loan Trust 2004-3 | --mkting-- | $1.97 billion |
Lead: CSC | ||
Deal: Irwin Home Equity Trust 2004-A | --priced-- | $277.73 million |
Lead: n/a | ||
Deal: Quest Trust 2004-X1 | --priced-- | $239.32 million |
Lead: CITI/CSFB | ||
Deal: Terwin Mortgage Trust 2004-4SL | --mkting-- | $144.98 million |
Lead: Terwin Capital | ||
--- subtotal: $2.64 billion --- | ||
student loans | ||
Deal: Northstar 2004-1 | --mkting-- | $750 million |
Lead: n/a | ||
Deal: Sallie Mae Student Loan Trust 2004-A | --priced-- | $1.34 billion |
Lead: ML | ||
--- subtotal: $2.09 billion --- | ||
--- Total of list: $15.58 billion --- |
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Both pools have exposures to large dealers, so losses could be more pronounced if one dealer goes bankrupt, while both series have revolving periods, when noteholders will not receive any principal.
May 3 -
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a 30-page guidebook on managing affiliate risks. The report builds on formal guidance issued last year.
May 3 -
In talks with OCC officials, "it became obvious that we would not gain near-term approval given their recent experience with multifamily and CRE positions," FirstSun CEO Neal Arnold says. The companies announced other revisions to their deal, too.
May 3 -
Subordination provides credit enhancement to the notes, as well as deposits in the reserve and redemption accounts.
May 3 -
The capital structure features initial exchangeable notes among the class A, mezzanine and B1 notes. The super senior and senior support tranches will repay noteholders on a pro-rata basis.
May 2 -
The company's branches and loan officers will transition to ML Mortgage but operations staff are not part of the deal.
May 2