ABS

A drop in the haircuts applied to securitizations used for collateral funding from the European Central Bank (ECB) is a positive for the sector, according to analysts at Bank of America Merrill Lynch.

This latest deal totals $345.05 million and features 20 tranches, inluding exchangeable interest-only certificates.

The Series 2013-1 notes are backed by a $661.425 million portfolio dubbed Trinity Rail Leasing 2012 LLC containing 7,201 railcars. This fleet portfolio also backs the $333.84 million series 2012-1 notes.

Ohio Power Company plans to issue a $267.4 million utility receivables securitization deal called Ohio Phase-In-Recovery Funding LLC.

Banco Popolare di Vicenza priced the 1.8 year, €980 million A1X tranche of Berica PMI within price guidance at 240 basis points over the three month Euribor.

General Electric Capital Corporation is prepping a $508 million securitization of equipment leases, according to a presale report by Fitch Ratings.

Sonic Corp., the drive-in restaurant chain operator, issued $155 million of notes backed by franchising revenue.

The deal, the first from the Credit Account Master Trust this year, features two classes of floating-rate notes, as well as a non-publically offered collateral interest class.

The deal, Volkswagen Auto Lease Trust 2013-A, is expected to settle July 25.

The ClassA(2013-6) notes, upsized to $900 million, priced at a spread of one-month Libor plus 42 basis points.

All tranches of the transaction, GSMS 2013-GC13, priced five basis points guidance, with the exception of the final tranche, which priced in line with guidance.

The Series 2013-2 notes are backed by 406 commercial real estate properties across various industry sectors, including related rents due under triple-net leases and hybrid leases with the properties' tenants.

New York’s Metropolitan Transportation Authority is prepping a catastrophe bond that is the first to have triggers linked only to storm surge and no other aspect of hurricane-related risks,

Discover Bank is planning a $500 million credit card debt securitization, according to a regulatory filing today.

Wyndham Worldwide is planning a $250 million timeshare loan securitization, according to Fitch Ratings.

The agreement reached in the Senate on federal student-loan interest rates will not have much of an impact on overall demand for these loans

Goldman Sachs is preparing a $1.3 billion commerical mortgage-backed conduit dubbed GS Mortgage Securities Trust 2013-GC13.

More ways to deliver financing for European small and medium sized enterprises continue to focus on securitization as a solution.