Unicredit privately placed a €400 million ($530.8 million) of the €750 million senior tranche in its German SME CLO, Geldilux TS 2013.

The 2013-C15 transaction will offer investors 14 classes of notes. It's backed by 83 commercial mortgage loans secured by 136 properties.

The slower pace of new issuance in consumer ABS, especially from the historically largest ABS issuers, leaves the market without benchmarks to base pricing on, according to a report by Wells Fargo.

Wireless Capital Partners (WCP) plans to issue $150 million of notes backed by lease payments from wireless carriers.

A number of companies operated by AXIS Capital Holdings are seeking re-insurance through the catastrophe bond market.

Richard Hill will head CMBS and commercial real estate research at Morgan Stanley. The move follows his departure from the Royal Bank of Scotland in June.

The bonds are collateralized by first-lien tax liens imposed by the City of New York on real properties due to unpaid property taxes, sewer rents, sewer surcharges, and/or water rents.

The City of Richmond, California began sending letters to mortgage servicers and trustees offering to buy home mortgages at reduced prices or face eminent domain proceedings.

J.P. Morgan and Barclays will also act as the joint-bookrunners and co-lead managers on the transaction, which is expected to price August 6 and close August 19.

The Royal Bank of Canada sold its first euro benchmark covered bond since 2008, and signifies the re-opening of the European covered bond market for Canadian issuers.

Barclays anticipates that if both Freddie Mac and Fannie Mae sell the risk on all their ongoing issuance, issuance volumes could potentially reach $20 billion to $25 billion per year.

The notes are backed by a portfolio of 13,229 Hilton Resorts deeded timeshare interests with an aggregate balance of $255.12 million.