Bank of America
Bank of America
Bank of America Corp is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets.
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1988 Asset Management has priced and closed $2.5 billion in CLOs in the U.S., and the partnership expects to issue CLOs regularly in Europe.
May 29 -
The US 10-year term premium — or the extra return investors demand to own longer-term debt instead of a series of shorter ones — has climbed to near 1%, a level last seen in 2014.
May 23 -
BAAT Auto Trust series 2025-1, has a super-prime underlying borrower base, as FICO scores exceeding 800 made up 55.2% of the pool.
May 20 -
The WA original term is about 68 months for all three pools. That is shorter than the term on the previous series, but within the range of terms on recent deals.
May 16 -
Industry diversification and strong borrower financials bode well for CLO prospects in uncertain times.
May 12 -
The transaction's senior, interest-only tranches, which are also initially exchangeable, pay a coupon of 0.50%.
May 6 -
Among its structural strengths, DEFT 2025-1 includes a non-declining reserve account representing 1.0% of the pool balance.
April 28 -
The structure includes credit enhancement from overcollateralization representing 16.4% of the pool balance.
April 16 -
The notes will be issued through series 2025-3 and 2025-4, and aside from slightly different maturity dates, they have similar initial overcollateralization and reserves.
April 1 -
Almost the entire pool of mortgages will fund primary residences and were underwritten using full documentation.
March 19
