Latest news
Latest news
ABS market not the cheapest cost of financing for issuer of first ever trade in the asset class
Revival of high LTV mortgage lending is creating an opportunity for more SRT and deconsolidation transactions
Trade follows the end of a joint venture to originate loans
More articles
More articles
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Diversified Gas & Oil is preparing a debut gas royalties securitization, a prelude to a wave of similar transactions expected in 2020, as market participants say more traditional sources of funds are becoming more expensive for oil companies. -
Domino’s Pizza is preparing to sell an $800m whole business securitization backed by royalty cash flows and franchise agreements of the company’s more than 10,000 store locations.
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Fora Financial, a New York-based small business lender, is in the market with its first ever securitization, joining the growing ranks of first time ABS sponsors to tap the capital markets in 2019.
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Investors are sidestepping fears of a recession in their hunt for yield, pouring into one of the ABS market's riskier consumer asset classes, according to securitization analysts at JP Morgan.
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Solar Mosaic is putting together its second residential solar ABS offering of the year — its sixth rated securitization ever.
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Volkswagen priced a €1bn auto deal on Wednesday with a coupon of 65bp, breaking a summer-long trend of auto ABS issuers offering Euribor-linked coupons of 70bp.
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Global aviation lessor Air Lease Corporation (ALC) has announced the third ABS transaction from its Thunderbolt aircraft leasing platform. The deal mainly consists of new to mid-life, narrow-body aircraft, but includes weak lessees facing bankruptcy or financial hardships.
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Regulatory constraints could be eased for securitizations of non-performing loans (NPLs), according to a European Banking Authority (EBA) opinion paper published on Wednesday.
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A New York federal judge ruled on Monday that the Office of the Comptroller of the Currency (OCC) lacks legal power to grant a bank charter to a fintech company, planting the OCC’s charter program in murkier grounds. One significant implication of the ruling is that the bank partnership model will continue to thrive as the best originating option for fintechs, market participants told GlobalCapital.
