The largest tranche, for $274 million, is rated triple-A and priced to yield 3.6863%. Its weighted average life is 9.87 years.
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Credit Suisse, Barclays, and JP Morgan are the lead underwriters on the transaction dubbed The deal, Fifth Third Auto Trust 2014-1.
February 6 -
Demand for catastrophe bonds and other insurance linked securities far outstrips supply, with predicatable results.
February 6 -
The European Commissions proposed new Bank Recovery and Resolution Directive (BRRD) will have the most impact on covered bonds in 2014, becasue the bonds are not be subject to a so-called bail-in", said Standard & Poors.
February 6 -
Credit Suisse Asset Management is joining the still thin ranks of managers marketing collateralized loan obligations before regulators clarify how the Volcker Rule will impact these deals.
February 5 -
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Bank of America is prepping its first credit card deal since 2010.
February 5 -
The fundamentals of equipment ABS are stronger than ever as lessons learned from the prior two recessions have resulted in quality and performance improvements which will help the asset class weather future economic downturns.
February 5 -
Most new collaterlized loan obligations have the ability to invest in bonds, but only if regulators clarify certain Volcker Rule language.
February 5 -
The CarMax deal saw some spread widening across the structure when compared to the last prime auto loan securitization to come to market on Jan 29.
February 5 -
The K-036 Certificates include two senior principal and interest classes, one senior interest-only class and one junior IO class.
February 5 -
Freddie Mac is preparing its third offering of notes linked to the credit risk on mortgages that it insures.
February 5 -
A team assembled by ex-regulator Raj Date is preparing to launch a plastic card for Americans who don't qualify for mainstream credit.
February 5