American International Group is on the market with a $125 million of five-year catastrophe bonds providing reinsurance against U.S. storms and earthquakes.

Standard & Poor’s downgraded several CMBS transactions this week and said it expects to lower the ratings on more of these deals.

Unicredit plans to issue a securitization backed by short-term euro loan receivables made to large corporates, small and medium sized enterprises (SME); and self-employed individuals based in Germany.

Royal Bank of Canada and Canadian Imperial Bank of Commerce launched the first programs under the new covered bond framework in Canada.

Ares Management is prepping a $500 million collateralized loan obligation, according to a presale report by Moody’s Investors Service.

Against the backdrop of a much calmer market this week, Citi priced $662.9 million of Louisiana Tobacco Settlement Financing Corp. asset-backed refunding bonds.

Final bank capital rules are likely positive for non-agency remics and mildly positive for some other assets, such as bonds backed by student loans, according to Barclays.

GoldenTree Asset Management appears to have added a €59 million subordinated class to a European collateralized loan obligation it is marketing.

Redwood Trust issued its ninth prime residental mortgage-backed securitization from its Sequoia trust of the year, worth $431.157 million.

GC Securities completed the latest catastrophe bond transaction for Munich Re. The deal, called Queen Street VIII Re Ltd., is the first cat bond in this series to feature Australian cyclone risk.

The issuance of non-agency residential mortgage-backed securities (RMBS) so far in 2013 is approaching the $11 billion mark, according to Standard & Poor's.