ABS

J. G. Wentworth has closed on a $212.7 million issue of bonds backed by structured settlement payments, lottery receivables and annuity payments.

GE Capital is preparing $746.576 million of notes backed by equipment loans, according to a regulatory filing.

The European Commission and European Investment Bank plans to stimulate SME lending via securitization could be ready by January 2014, according to an Economic and Financial Affairs Council.

A €350 million ($473 million) catastrophe bond providing coverage for AXA Global P&C just closed,

J.G. Wentworth plans to issue a $210 million ABS backed by structured settlement payments and like its previous deals this year, the pool includes lotto winnings.

Participants at ABS East held forth on value opportunities in securitization and how increases in interest rates, loosening underwriting standards and the debt ceiling stalement ought to inform investor behavior over the short-to-medium term.

Virgin Australia is readying its first issue of enhanced equipment notes, according to a presale report from Fitch Ratings.

Issuance of bonds backed by aircraft leases is likely to increase as commercial airlines rely more heavily on leasing to finance new aircraft, according to Fitch Ratings.

The State of Washington is planning to issue $344.39 million of bonds backed by tobacco settlement revenues, according to a presale report by Standard & Poor’s.

Direct Capital Corporation plans to issue a $181 million securitization of equipment lease backed notes.

A mortality bond from SCOR Global Life had a low attachment point, which is the threshold at which investors start incurring losses. That could attract more issuers.

Collateralized loan obligation managers and arrangers have long argued that they should not be subject to the requirements to retain “skin in the game” of these deals. CLOs, which are backed by below investment grade corporate loans, didn’t contribute to the financial crisis, the argument goes, and they shouldn’t have to pay the price for it.

A nascent private bond market in France is expected to grow significantly over the next two years,

But a recent $180-million deal providing coverage for SCOR Global Life shows that bond investors are now willing to accept a lower attachment point

View the year-to-date manager rankings through Oct. 25for the different ABS sectors, including real estate, credit cards and autos.

The Securities and Exchange Commission and the Commodity Futures Trading Commission, could both be forced to close if lawmakers don't come to a resolution — potentially hamstringing several interagency efforts, including the Volcker rule and a host of derivatives rules that have yet to be finalized.