ABS

Avis Rent a Car is seeking to issue up to $300 million in securitized notes, in one of its smallest securitizations of its rental car leasing contracts in years through the Avis Budget Rental Car Funding (AESOP) master trust.

Ford Motor Credit is returning with a second securitization of dealer inventory financing in two months

Wyndham Worldwide is first out the gate this year with a securitization of timeshare loans.

BlackRock Financial Management Inc. says it has identified 85% of the targeted portfolio for Magnetite XVII, which at this point is a highly diverse mix mostly first-lien secured loans (97.6% of the assets) from 160 obligors.

The $470 million Oaktree EIF 1 Series A will issue five tranches of floating-rate and fixed-rate notes with preliminary ratings from Moody’s Investors Service and Standard & Poor’s.

XL Insurance (Bermuda) has completed a $300 million catastrophe bond, according to GS Securities, the deal’s sole structuring agent and bookrunner.

The Securities and Exchange Commissioner took to the podium in the convention center of the Aria Resort & Casino to express to attendees his admiration for the economic benefits of securitization – and his disagreement with the risk-retention regulatory regime that has enveloped it.

Florida lawmakers could soon approve legislation designed to lower borrowing costs by authorizing certain municipal water and sewer providers to issue bonds backed by special customer charges.

Esoteric asset classes such as aircraft leases and whole business securitization are starting to attract more attention from traditional investors in high yield corporate bonds.