Securitization

The deal comes a year after the captive finance company began excluding low-FICO loans from its primary auto loan ABS platform.

It's the first time any of the rating agencies has assigned an AAA for any securitization of consumer loans by a marketplace lender.

The $325 million deal is backed by franchise fees and royalties; the collateral does not include profits from company-owned stores.

The €411 million deal puts it in the small club of UK managers that have completed three or more transactions in 2018.

It is issuing another $55 million of Series 2018-1 bonds backed by cell tower leases from its Diamond Issuer master trust; some $41 million will be deposited in a prefunding account.

The structure reduces counterparty risk in the GSE's benchmark Connecticut Avenue Securities program; it also expands the investor base.

The New York-based firm is adding 4.9 years to the reinvestment period of the $518.6 million Neuberger Berman CLO XVIII.

The backloaded maturity schedule of the debt brings comparisons to the city's supposedly abandoned "scoop-and-toss" practices.

The REIT formerly known as Sutherland Asset Management is pooling loans with an average balance of $583,029 on primarily single-tenant and owner occupied properties.

The notes are secured by a pool of 35 mid- to end-of-life aircraft, according to Fitch Ratings. The pool has a weighted average age of 13.9 years.

Sales of older vehicles are on the rise and prices are headed back up, so there's more collateral available and it is also performing better.

The $597 million AREIT 2018-CRE2 is also slightly less concentrated than the sponsor's inaugural deal, completed in February.

Toyota Motor Credit Co.'s fourth prime auto loan securitization of the year boosts its volume beyond $6 billion.

Even with advanced seasoning and lighter risk load, the bank's first auto-loan securitization of the year has much higher CE than a weaker 2017 pool.

The London-based manager is including two classes of fixed-rate notes, including a rare triple-A rated nonvariable-rate tranche, in its €412 million Contego VI DAC portfolio.

Starting next year, the servicing giant plans to go after some of SLM Corp.'s best borrowers – at least with refinance student loans.

Turbo Finance 8 is a £375.5M static transaction that includes both hire purchase loan contracts and personal contract purchase, lease-like arrangements.

A "second look" finance partner for retailers like Home Depot and Sears Home Pro is offering $167.3M in bonds secured by receivables on high-interest cards and installment accounts.

The $262.7 million deal has an expected repayment date of 10 years from the first payment date; is also earned a lower credit rating of A- from Kroll.

It has obtained a $259 million commercial mortgage from Goldman Sachs for a portfolio of 39 buildings in Dallas/Fort Worth, Houston and San Antonio.