ABS

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.

The reliance of asset-backed commercial paper conduits (ABCP) on liquidity agreements with banks means they will be affected by Basel III’s proposed liquidity coverage ratio (LCR).

Both British Airways and Doric, to non-U.S. originators, successfully placed respective EETC issues to finance new aircraft deliveries.

Nomura Corporate Funding is issuing a $440.081 million jumbo residential mortgage-backed securitization.

An influx of capital from catastrophe bonds and other non-traditional forms of reinsurance is pushing overall rates down, despite higher losses.

American International Group is on the market with a $125 million of five-year catastrophe bonds providing reinsurance against U.S. storms and earthquakes.