A pool of credit card receives issued by Group BPCEs Natixis Financement unit are being securitized in the second-ever issuance through the Purple Master Credit Cards, FCT in France. The 651 million transaction mostly consists of 550 million in a Class A2016-1 series of notes.
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A new $1.12 billion CMBS deal being marketed by JPMorgan and German American Capital Corp. includes notes backed by a portion of a loan backing the 51-story 10 Hudson Yards office building, part of the largest-ever private real estate development in the U.S.
October 27 -
A Washington, D.C.-based startup that finances higher education in the U.S. for international students announced a $6 million equity funding round.
October 27 -
Huntington Bancshares, which hasnt made a trip to the securitization market since June of last year, will be offering $2.6 billion in bonds backed by auto and commercial loan receivables during the fourth quarter.
October 26 -
Deutsche Bank is securitizing a $710 million mortgage backed by a portfolio of 155 skilled nursing, assisted and independent living facilities with 18,870 licensed beds, in 20 states.
October 26
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A recent federal court decision affirming the right of a servicer to collect on private student loans originated on Sallie Maes behalf isnt just good news for investors in student loan-backed securities; its also good news for marketplace lending platforms.
October 26
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A German consumer finance arm of Crédit Agricole is securitizing its third rated pool of unsecured consumer loans in a 1.3 billion (US$1.48 billion) transaction.
October 26 -
CVCRE 2016-6 consists of four super-senior class A notes tranches and three subordinate classes. The senior A notes have a preliminary triple-A rating structured finance rating from Morningstar and Fitch Ratings.
October 26 -
USAA is planning to issue another $280 million of catastrophe bonds through its Residential Re platform.
October 25 -
Lending Club is pivoting back to the strategy it was pursuing prior to the abrupt ouster of its chief executive officer in May.
October 25
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Engs Commercial Finance, a specialty lender that finances the acquisition of trucks and trailer by small and medium-sized businesses, is making its second trip to the securitization market.
October 25 -
Investcorp is buying the debt management business of 3i Group for £222 million (US$270.6 million, giving the Bahrain-based private equity firm with one of the larger cross-border CLO management operations.
October 25
