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Securitization People and Markets

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  • The Federal Reserve Board will release data on emergency lending to banks during the financial crisis after the U.S. Supreme Court rejected efforts by banks to keep the information secret.
  • StormHarbour Securities has opened an office in Copenhagen as part of its plan to expand its product offering to institutional investors in the Nordic region.
  • Barclays has sold £586 million ($954.2 million) of toxic assets to CreXus Investment, a U.S. real estate investment trust.
  • Citigroup is said to be preparing an issue of residential mortgage-backed securities denominated in Australian dollars.
  • Santander, the Spanish bank, is said to have priced the $526.58 million asset-backed securities issued by Santander Consumer Acquired Receivable Trust.
  • Swedbank Mortgage is said to have launched a $2 billion covered bond.
  • The U.S. Department of the Treasury plans to start selling off its $142 billion portfolio of agency residential mortgage-backed securities, with the first batch of $10 billion expected this month.
  • Hipotecaria Su Casita, the Mexican mortgage lender, says it is preparing for a swap and restructuring of some $612 million in debt.
  • Barclays Capital is said to be liquidating a €300 million ($424 million) collateralized loan obligation to profit from its investment.