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ABS

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  • Vantage Data Centers is in the market with an unusual securitization backed by real estate and tenant lease payments on wholesale data centers.
  • ABS
    A fund controlled by investment manager Angel Oak Capital Advisors has closed a rare, $155.2m securitization backed by subordinate debt issued by 25 community banks.
  • Tesla’s first outing in the securitization market was greeted with much fanfare from investors, with the electric car maker pricing its deal on Thursday to huge demand.
  • Online subprime lender Elevate Credit is bringing PayPal chief information officer Bradley Strock on to its board of directors as the company proceeds with plans to launch a credit card service this year.
  • A change in the direction of the Consumer Financial Protection Bureau (CFPB) announced this month was singled out by participants on a Wednesday panel hosted by LendIt as a worrying development for consumers not served by traditional financial services.
  • United Airlines has added another deal to the aircraft ABS pipeline, bringing an Enhanced Equipment Trust Certificate (EETC) offering that will finance the acquisition of 16 aircraft.
  • SRI
    Europe has a good chance of being able to make a real start on greening its financial system, according to members of the High Level Expert Group on Sustainable Finance, which delivered its report to the European Commission on Wednesday.
  • Marketplace lending participants at the Loan Tape Conference in New York said standardized data will be the gateway to opening up opportunities for securitization in the small business lending sector.
  • Online subprime lender Elevate Credit has tapped former PayPal and loanDepot executive Brian Biglin as chief credit officer.