Nearly 60% surveyed by the International Association of Credit Portfolio Managers, expect wider credit spreads in U.S. investment grade debt and 70% in U.S. high yield bonds and leveraged loans over the final three months of the year.
The RMB3 billion ($457 million) Driver China Three is backed by short-term loans made to borrowers with significant equity in their vehicles. Moody's Investors Service sees little risk to the bonds from its recent downgrade of the German auto maker.
Ford Automotive China plans to issue RMB2.6 billion ($406 million) of bonds backed by auto loans extended to borrowers in China.
Sized at RMB3.5 billion ($549 million), Bavarian Sky China 2015-2 is the biggest Chinese auto loan deal by any foreign-owned finance company, according to Moody's Investors Service.
The deal, which is unrated, provides three years of protection, on a per occurrence basis, for earthquakes affecting the Istanbul region. It pays more than the inaugural deal, completed in 2013, which is rated by Standard & Poor's.
Controversy over the Mexican equipment lease sector
After contracting sharply last year amid regulatory uncertainty and an economic slowdown, Brazils structured finance market now appears to be poised for a recovery.
Five new originators of Russian RMBS debuted last year; players say the issuer stable will keep growing.
Investors no longer feel limited to their own country for securitization investment opportunities; they are becoming comfortable with the risks and rewards of investing in and owning a global book.
Treasurer, Head of Asset Management
Firm: NewStar Financial
Owning may offer consumers more savings than leasing, but loans pose a different set of risks to investors when pooled into collateral for bonds.Current Issue