ABS

The Climate Bond Initiative said securitization is an ideal way to unlock further funding for the International Finance Corporation's “green” bonds.

First National Holdings is planning an $87.5 million securitization of property tax liens, according to a presale report published by Kroll Bond Rating Agency.

Aspen Reinsurance launched Aspen Capital Markets and appointed Brian Tobben managing director of the newly created unit, according to a company press release.

North Carolina’s Joint Underwriting Association and Insurance Underwriting Association issued $500 million Series 2013-1 notes via a new catastrophe bond shelf program, Tar Heel Re.

The Structured Finance Industry Group has 55 members and counting. The new trade organization’s website now has a link to all of those who have joined the group.

Global Tower Partners is readying a $245 million securitization of cell towers, according to a presale report from Fitch Ratings.

Cronos Containers will issue a $200 million securitization backed by a portfolio of sea containers, according to Standard & Poor’s.

Paul Jenison has joined Finacity Corporation as part of the firm’s effort to expand its business of securitizing and funding consumer receivables.

Commercial Credit Group is preparing a $194.47 million securitization of equipment loans and leases, according to a presale report published by Standard & Poor’s.

US Airways priced two tranches of enhanced equipment trust certificates totaling $819.61 million, according to a pricing document.

This is only days before the American Securitization Forum (ASF) is scheduled to host its annual conference, also in Last Vegas.

Flagship Rail Services plans to issue an inaugural securitization of railcar leases that has been assigned preliminary ratings by Standard & Poor’s.

A commercial mortgage backed security (CMBS) from SBA Communications Corporation is being prepped for $1.3 billion.

Prestige Financial Services is in the market with a $350 million securitization of subprime auto loans, its 14th since 1996, according to a pre-sale from Dominion Bond Rating Service (DBRS).

View the year-to-date manager rankings through March 22 for the different ABS sectors, including real estate, credit cards and autos.

Longstanding tensions within the American Securitization Forum (ASF) boiled over in March, when most of its board of directors resigned and formed a new trade group.

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