Securitization

Banca Popolare di Vicenza plans to issue €929 million ($1.25 billion) of securities backed by prime Italian residential mortgages. The deal marks a return for the Italian bank, which hasn't issued an investor placed deal since April 2011.

The $558 million deal is backed by a floating rate, interest-only, loan that has a two-year term with three 12-month extension options. The issuer has also removed its cap on the aggregate percentage of “eligible tenants” (defined as tenants with a 40% rent to income ratio) in the latest transaction.

Deutsche Bank is working on the €355 million ($482.4 million) DECO-2014 Gondola, the first European multi-loan CMBS since 2007.

FMS Wertmanagement last week sold 15 U.S. commercial mortgage loans with a nominal value of $1.2 billion.

Volkswagen has obtained ratings from both Fitch Ratings and Moody’s Investors Service on its $800 million renminbi ($128 million) securitization of Chinese auto loans.

Six years after losing its triple-A ratings during the financial crisis, rendering its bond insurance worthless, Assured Guaranty Corp. has returned to one of the corners of the securitization market where it was once most active: diversified payment rights in emerging markets

A busy week for Dutch RMBS saw €1.74 billion ($2.37 billion) of investor placed deals priced at tight levels.

Milan-based Agos Ducato plans to issue securities backed by a €1.35 billion portfolio of unsecured consumer loan receivables, according to DBRS.

Banca Selle plans to issue €432 million ($587 million) of ‘AA’ rated Italian mortgage loans from its Mars 2600 trust, according to DBRS.

According to a Standard & Poor’s presale report the latest offer from RESIMAC Triomphe Trust will include $150 million in securities, rated 'AAA'.

He joins from BlackRock’s mortgage credit portfolios team, where he was lead portfolio manager and lead trader for non-agency RMBS trading.

A subsidiary of Ford Motor Credit has become the first wholly foreign owned auto finance company to securitize auto loans in China.

The deal, Scandinavian Consumer Loans IV, marks a return for the issuer, which has not completed a securitization since 2011.

The transaction, STORM 2014-II, is managed by the issuer’s parent company, Rabobank International.

Principality Building Society plans to issue a comeback U.K. RMBS, three years after it first tapped the market via the Friary 2011-1 transaction.

Invitation Homes' second securitization of single-family rentals is backed by properties with riskier tenancy, and it had to compensate investors accordingly.

U.K. bank Tesco Personal Finance Group plans to issue securities backed by U.K. Visa and MasterCard credit card receivables, according to Standard & Poor’s

Newtek Business Services, a regular securitizer of small business loans, has added two senior executives, Susan Streich and Harold Gartner, to expand the compliance and factoring services that it provides to clients.