ABS

A larger-than-expected “bail-in” of Banca Monte dei Paschi di Siena has placed the focus on other major Italian banks that have similar plans to seek government guarantees on their non-performing loan securitizations.

Citizens Financial Group in Providence, R.I., said Tuesday that it expects to start offering digital small-business loans in mid-2017.

Renovate America has priced its fourth securitization this year of Property Assessed Clean Energy (PACE) bonds, in a $292 million deal that capped a near doubling of its investor base since the year began.

Aviation Capital Group Corp., an owner and international lessor of commercial passenger jets, is returning to the asset-backed market with a collection of leases on some of it older fleet of aircraft assigned to largely emerging-market carriers.

SuttonPark Capital is preparing its third structured settlement securitization, according to DBRS.

JPMorgan Chase, HSBC Holdings and Credit Agricole were fined a total of 485.5 million euros ($521 million) for rigging the Euribor benchmark as European Union antitrust regulators wrapped up a five-year investigation into the scandal.

Ford Motor Credit is offering its fifth dealer floorplan securitization of the year, marketing $862.75 million in bonds that back lines of credit provided by the captive finance company to its network of dealers.

GE Capital Aviation Services is marketing $709 million of notes backed by aircraft leases, according to Kroll Bond Rating Agency.

Renewable Funding, emboldened by the success of its first three trips to the securitization market, is preparing to finance an even larger portion of its lending for energy efficiency upgrades.

Warning signs are growing in structured finance for 2017.