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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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 -
Fitch notes that 74.8% of the collateral pool, made up entirely of 3,103 loans, is backed by trucking—or transportation—equipment.
March 5 -
Total delinquencies as a percentage of John Deere's managed portfolio was 3.06%, an increase since 2022. That aligns with the decline in corn and soy prices in the same period.
March 3 -
Residential customers made up 70.1% of NYSEG's sales revenue, while commercial and industrial customers account for the other 30% of sales. The latter is a relatively high exposure for such deals.
February 4 -
Obligors are slightly more concentrated but the percentage of obligors in higher credit quality grades—2 through 5—increased to 56.9%, from 41.3% from the previous deal.
January 21
