ABS

Auto companies are lining up their multiple asset-backed offerings this week. Equipment ABS issuers are also joining the mix of automobile securitizations.

Continental Airlines this afternoon sold $892.14 million of passthrough certificates through a deal called Continental Airlines 2012-1 EETC.

Kleinberg, Kaplan, Wolff & Cohen, P.C. has hired Howard Mulligan as of counsel in the corporate department.

Standard & Poor's analysts are projecting that 2012 Canadian covered bond issuance will reach C$20 billion. However, this number is below 2011's record C$25.7 billion.

First Marblehead Corp. sold its data services company and legacy trust administration business to Route 66 Ventures for $13.7 million.

American Electric Power's (AEP) Texas Central Co. (TCC) is issuing an $800 million utility-backed securitization.

Manager Activity: Autos Book Runner Amount (US$ Mil) Rank Mkt.

JGWPT Holdings named Lior Yahalomi its new chief financial officer and executive vice president.

There's more than one kind of CLO revival underway. Issuance of CLOs in the quasi-public 144A market has picked up dramatically since the financial crisis, thanks to the strong performance of existing vehicles. But, market observers say there has also been a pick-up in issuance of CLOs that are truly private, which have proprietary structures and only a handful of participants.

Banks are applying a well-honed strategy to mitigate regulators' recent proposal to determine capital requirements for assets that include securitizations.

With the Dodd-Frank Act giving the Consumer Financial Protection Bureau (CFPB) regulatory oversight over private student loans, issuers in the asset class must now work closely with the agency as it formulates rules to govern the sector.

The state attorneys general announced last month that they finally reached a settlement with the five largest servicers over improper foreclosure and servicing practices.

Moody’s Investors Service in a report Wednesday said that the high jobless rate will keep the default rate among private, non-guaranteed student loans at their presently steep levels through 2012. For the collateral backing ABS deals in the agency’s index, the default figure was 5.1% in Q4, about flat from the 5.0% posted in 2010. That is more than double the pre-recession rate.

Domino's Pizza said today it plans to issue a new securitization deal that will refinance outstanding debt tied to a $1.85 billion 2007 securitization deal.

Steep spreads in the Eurobond market may provide incentives for Turkish banks to issue deals backed by diversified payment rights (DPRs) this year, said Standard & Poor's in a text box accompanying a video presentation on Turkish DPRs.

The news that Pacific Investment Management Co. (PIMCO) dropped out of the American Securitization Forum (ASF) highlights the growing discontent among securitization buyside members who feel they have no real voice within the organization.

Philips Electronics N.V. is in the market for a $431 million credit tenant lease. The Netherlands-based electronics giant looks to expand its physical presence at a research and development campus, a source said.

Moody's Investors Service on Wednesday finalized its methodology for structured finance interest only securities.

John Deere Capital Corp. is in the market with a transaction worth $998.76 million. The underwriters are JPMorgan Securities and Deutsche Bank Securities. It is from the firm's John Deere Owner Trust 2012.

Barlcays Capital analysts examined the relative value of rental fleet ABS in a report released last Friday.