Some big investors are keeping their powder dry in the event that an exogenous event roils the financial markets; in the meantime, its a challenge to put money to work in assets that produce decent returns without taking on excessive risk.
Unfavorable court decisions, heightened regulatory attention and a thumbs down from famed Big Short personality Steven Eisman are making no dent in the enthusiasm for marketplace lending (MPL) securitization.
It's the sponsor's first deal to be rated by Fitch Ratings, which assigned an 'A' to the senior term tranche - five notches below the triple-As assigned by Kroll Bond Rating Agency and DBRS.
The trailing 12-month U.S. speculative-grade default rate rose slightly to 5.7% in August, representing the markets highest default rate since June 2010, according to Moodys Investors Service
Jefferies said it received excellent demand for the $293.255 million of tobacco settlement pass-through bonds it priced for the New York Counties Tobacco Trust VI.
A two-year extension to the deadline for banks to conform CLO holdings to the Volcker Rule doesn't apply to all, the Federal Reserve says.
Despite regulatory hurdles, participants see nothing in the way of issuance reaching $60 billion to $70 billion this year.
Finke says the industry needs to address the lack of understanding about its performance and role in the economy.
Two academics argue that aggreggating standardized assets is key to solar securitization, which can meaningfully reduce funding costs for developers.
Despite pressure from Capitol Hill, regulators are disinclined to allow banks to hold collateralized loan obligations backed by bonds.
Treasurer, Head of Asset Management
Firm: NewStar Financial
The $1.17 billion deal follows a year’s worth of management deliberations over issuing asset-backeds, which Verizon expects to lower the cost of financing device payment-plan agreements.The deal will also ease pressure on the carrier's own corporate credit ratings.Current Issue