Securitization.Net

	Fitch Creates Italian Structured Finance Team Fitch Ratings has established a dedicated Italian structured finance team based in its Milan office in response to the rapid development of Italy's structured finance market ...more Bondweek--Institutional Investor Newsletters (2/24/2003)
	Honda Originates Tight-Priced Auto ABS Notes American Honda Finance Corp. originated its first auto-backed deal of the year and the deal was priced at tighter levels than comparable auto-receivable backed deals done a month before ...more Bondweek--Institutional Investor Newsletters (2/24/2003)
	Extension Risk On CDOs Could Be A Problem Extension risk is going to be more of a problem in a rising interest rate environment for structured finance collateralized debt obligations ...more Bondweek--Institutional Investor Newsletters (2/18/2003)
	SSB Readies Mutual Fund Securitization Deal Salomon Smith Barney is pricing a $256 million Citibank structured mutual fund fee securitization deal ...more Bondweek--Institutional Investor Newsletters (2/18/2003)
	Bond Insurer Hires Two Securitization Pros Financial Guaranty Insurance Co. recently hired Rajat Basu and Katya Aleksandrova as transactors for its New York-based structured finance group ...more Bondweek--Institutional Investor Newsletters (2/3/2003)
	U.K. Lender Plans Second Quarter Deal Britannic Money, a U.K. mortgage lender, is planning a residential mortgage-backed deal for the middle of latter part of the second quarter ...more Bondweek--Institutional Investor Newsletters (2/3/2003)
	ACA Originates ABS CDO American Capital Access is prepping a $400 million multi-sector collateralized debt obligation, says a CDO market participant ...more Bondweek--Institutional Investor Newsletters (1/24/2003)
	Wachovia Subsidiary Preps Real Estate CDO Structured Credit Partners (SCP), a wholly owned subsidiary of Wachovia Securities, is ramping up a $500 million real estate collateralized debt obligation for pricing in the middle of next month, says a CDO market participant ...more Bondweek--Institutional Investor Newsletters (1/24/2003)
	New York Manager To Wrap Up Delayed CFO Deal Ivy Asset Management plans to ramp up and have its $150-200 million collateralized fund obligation ready to price in March ...more Bondweek--Institutional Investor Newsletters (1/20/2003)
	Here's An Oddity: Secondary CDOs Trading At Premium Some senior tranches of fixed-rate collateralized debt obligations are trading at significant premiums on the secondary market ...more Bondweek--Institutional Investor Newsletters (1/20/2003)
	Deerfield To Originate ABS CDO With A Twist Deerfield Capital Management is prepping a structured finance collateralized debt obligation that has money market tranches with a put option embedded in it ...more Bondweek--Institutional Investor Newsletters (1/13/2003)
	U.K. Buy-To-Let Sector Weathering Housing Market Concerns Fears that an overheated U.K. housing market could negatively affect securitizations of buy-to-let mortgages are completely overdone, say analysts and issuers ...more Bondweek--Institutional Investor Newsletters (1/13/2003)
	BBVA To Tap Covered Bond Mart Banco Bilbao Vizcaya Argentaria is planning on issuing up to E3 billion in covered bonds-cedulas-in the coming weeks ...more Bondweek--Institutional Investor Newsletters (1/6/2003)
	European ABS Issuance To Be Heavy In Q1 After another record-breaking year for asset-backed securities in Europe, the first quarter looks to be ...more Bondweek--Institutional Investor Newsletters (1/6/2003)
	OppenheimerFunds Affiliate Preps Its First EM CDO HarbourView Asset Management, a subsidiary of OppenheimerFunds, is ramping up its first emerging market collateralized ...more Bondweek--Institutional Investor Newsletters (12/23/2002)
	Triton Preps CDO Of CDOs Triton Partners is readying its first collateralized debt obligation of CDOs for next year ...more Bondweek--Institutional Investor Newsletters (12/23/2002)
	Italy Gears Up For Whole Biz Deals Soon-to-be-passed legislation in Italy will make it possible to execute whole business securitizations and ...more Bondweek--Institutional Investor Newsletters (12/16/2002)
	Commerzbank Adds CDO Structurer Commerzbank Securities hired Stan Liberman as a collateralized debt obligation structurer in its structured credit-trading group ...more Bondweek--Institutional Investor Newsletters (12/16/2002)
	Wachovia's Loses Asset Securitization Chief. Scott Shannon, head of asset securitization at Wachovia Securities, left the firm last month ...more Bondweek--Institutional Investor Newsletters (12/9/2002)
	Jumbo MBS Issuance On Pace For Record Year Private-label residential jumbo mortgage-backed securities issuance will reach a record-breaking volume ...more Bondweek--Institutional Investor Newsletters (12/9/2002)
	Morgan Stanley Recommends Swap Out Of Ford ABS Chip Schorin, Morgan Stanley's head of asset-backed securities research, recommends ABS investors sell ...more Bondweek--Institutional Investor Newsletters (12/2/2002)
	Netherlands Bank To Increase Its ABCP Conduit Size Eraj Asadi, executive director and head of asset-backed commercial paper at New York-based Rabobank International ...more Bondweek--Institutional Investor Newsletters (12/2/2002)
	European Secondary ABS Market Quieted By Flood Of New Supply The European secondary asset-backed market has been "subdued" as investors and dealers alike have been inundated ...more Bondweek--Institutional Investor Newsletters (12/2/2002)
	Bond Group Forms CDO Committee The Bond Market Association has formed a collateralized debt obligation committee to bring together senior CDO officials ...more Bondweek--Institutional Investor Newsletters (11/25/2002)
	Household Introduces Auto ABS Deal With A Twist Household International Inc. originated an auto asset-backed deal with fixed/floating tranches-a first for the issuer ...more Bondweek--Institutional Investor Newsletters (11/25/2002)
	Banc One Recommends Short-Term HELs John McElravey, director of structured debt research at Banc One Capital Markets, says short-term home equity bonds have the potential to tighten by as much as 20 basis points from their current levels over swaps sometime in the 1st Q ...more Bondweek--Institutional Investor Newsletters (11/4/2002)
	Ambac Adds CDO Transactor Ambac Assurance Corp. has added David Salz as a v.p. in its collateralized debt obligation structuring group ...more Bondweek--Institutional Investor Newsletters (11/4/2002)
	European Banks Explore Project Finance CLOs Several European banks are said to be considering project finance CLOs ... A number of London-based bankers and analysts say banks are exploring project finance deals for balance sheet management and capital relief purposes ...more Bondweek--Institutional Investor Newsletters (10/28/2002)
	J.P. Morgan's U.S., Euro ABS Team's Shrink J.P. Morgan Securities has made some sharp cuts to its U.S. and European asset-backed securities teams, according to officials familiar with the reductions ...more Bondweek--Institutional Investor Newsletters (10/28/2002)
	Fiat May Pay Up For New ABS Deals As Spreads Widen Fiat, the embattled Italian automaker, will have to pay up if it issues asset-backed bonds in the future-something some bankers say they will have to do ...more Bondweek--Institutional Investor Newsletters (10/21/2002)
	New Jersey Utility To Launch RRB Deal Atlantic City Electric Company, a wholly owned subsidiary of Conectiv, is set to issue $440 million in rate reduction bonds ...more Bondweek--Institutional Investor Newsletters (10/21/2002)
	BNP To Launch New York-Based ABS Trading Desk BNP Paribas will launch an asset-backed securities trading effort in New York, says David Fergione ...more Bondweek--Institutional Investor Newsletters (10/7/2002)
	Ring My Euro Bell: European Investment Bank Sees Increased Issuance The European Investment Bank wants to bring issuance of its global bonds up to E40-42 billion next year ...more Bondweek--Institutional Investor Newsletters (10/7/2002)
	Student Loan Issuer Adopts New Structure Nelnet Inc. securitized $1.2 billion of government guaranteed student loans in a deal that doubles the number of senior tranches ...more Bondweek--Institutional Investor Newsletters (9/27/2002)
	Mexican State To Launch First Local Tax Securitization The state of Mexico is preparing a securitization of local tax revenues-the first such deal in Mexico ...more Bondweek--Institutional Investor Newsletters (9/27/2002)
	U.K. Sub-Prime RMBS Issuers To Hit Mart At least four sub-prime residential mortgage-backed securities issuers are set to bring new deals in the next two months ...more Bondweek--Institutional Investor Newsletters (9/16/2002)
	London ABS Pros Pursue X-treme Sports For Charity Asset-backed bankers and traders from Credit Suisse First Boston and Dresdner Kleinwort Wasserstein recently undertook ...more Bondweek--Institutional Investor Newsletters (9/16/2002)
	ASF Moves To Complete Staffing The American Securitization Forum expects to hire an associate director within two months. Once the position is filled, the new organization will have met its target of six full-time staffers, says Vernon Wright, chairman of the ASF ...more Bondweek--Institutional Investor Newsletters (9/9/2002)
	SEC Ruling Appeases ABS Mart A recent Securities and Exchange Commission ruling on how certification requirements apply to asset-backed securities issuers should be a relief to the market, according to securitization lawyers ...more Bondweek--Institutional Investor Newsletters (9/9/2002)
	First European Mobile ABS Deal On The Way Orange, the European mobile phone company, is readying what will The deal will mark the first-ever securitization of mobile phone receivables in Europe and only the second European telecom ABS deal ...more Bondweek--Institutional Investor Newsletters (9/3/2002)
	Sharp Growth Predicted For Student Loan ABS Issuance of student loan asset-backed securities will grow sharply this year and over the next few years, say ABS bankers and researchers ...more Bondweek--Institutional Investor Newsletters (9/3/2002)
	Conn. Manager Reintroduces Upsized CDO Phoenix Investment Partners has wrapped up a collateralized debt obligation called Mistic ...more Bondweek--Institutional Investor Newsletters (8/12/2002)
	Credit Card Mart Awaits Regulatory Guidelines The credit card asset-backed securities sector is anxiously awaiting the final guidelines ...more Bondweek--Institutional Investor Newsletters (8/12/2002)
	GMAC Launches Auto ABS Deal With A Twist General Motors Acceptance Corp. originated $3 billion of auto loan-backed securities in a deal that includes a revolving credit facility built into the structure, say syndicate officials ...more Bondweek--Institutional Investor Newsletters (8/5/2002)
	TCW To Launch Hybrid CDO TCW Asset Management is prepping a collateralized debt obligation deal, which mixes asset-backed securities and investment-grade corporate debt in the collateral-a first for TCW. Other firms have issued multisector CDOs ...more Bondweek--Institutional Investor Newsletters (8/5/2002)
	Mass Mutual Readies CDO Of CDOs Mass Mutual/David L Babson, a high profile collateralized debt obligation manager based in Springfield, Mass., is working on its first CDO-of-CDOs for the year ...more Bondweek--Institutional Investor Newsletters (7/30/2002)
	NYC Distressed Shop Preps First Real Estate CDO Angelo Gordon, the New York-based distressed securities hedge fund, is readying its first real estate collateralized debt obligation ...more Bondweek--Institutional Investor Newsletters (7/30/2002)
	Honda Offers Tighter-Priced Auto ABS Notes American Honda Finance Corp., in its third securitization of auto loans this year ...more Bondweek--Institutional Investor Newsletters (7/22/2002)
	*ETRADE Preps Its First CDO** E*TRADE Global Asset Management is preparing to originate its first collateralized debt obligation--a $251 million deal set to close next month ...more Bondweek--Institutional Investor Newsletters (7/16/2002)
	Philly Structured Finance Insurer Seeks Credit Analysts Radian Guaranty, a monoline insurer of structured finance bonds, is looking to hire a director ...more Bondweek--Institutional Investor Newsletters (7/16/2002)
	Deloitte Hires Two Securitization Pros From Andersen Deloitte & Touche has hired Robert Siegel as a partner in its securitization practice and Joelle Berlat as a senior manager in its securitization group ...more Bondweek--Institutional Investor Newsletters (7/3/2002)
	New York Manager Preps High-Yield CDO Weiss, Peck & Greer, the U.S. investment arm of Holland's largest asset manager The Robeco Group, is prepping its second CDO ...more Bondweek--Institutional Investor Newsletters (7/3/2002)
	ABS Bankers See U.S. Corps Doing Euro Deals, Euro Corps Issuing In Dollars European asset-backed bankers foresee an increase in euro-denominated issues from U.S. corporates with European subsidiaries ...more Bondweek--Institutional Investor Newsletters (6/28/2002)
	Deutsche Bank Hires Euro HY Trader From Merrill Deutsche Bank has hired Gavin Colquhoun from Merrill Lynch to trade crossover credits ...more Bondweek--Institutional Investor Newsletters (6/28/2002)
	Florida CMBS Servicer To Sponsor Its First CDO Lennar Partners, a Florida-based real estate and commercial mortgage-backed securities servicer, will originate its first collateralized debt obligation in a deal underwritten by Deutsche Bank, says a CDO market official. ...more Bondweek--Institutional Investor Newsletters (6/21/2002)
	Get Ready For CDOs Of RMBS Collateralized debt obligation structurers and analysts say they expect to soon see the first batch of CDOs backed by portfolios of 100% residential-backed mortgages to hit the market. ...more Bondweek--Institutional Investor Newsletters (6/21/2002)
	Circuit City To Securitize Receivables From New Hybrid Card Circuit City Stores will be securitizing receivables it intends to generate from a hybrid credit card it recently launched, but the timing for the future securitization remains uncertain ...more Bondweek--Institutional Investor Newsletters (6/14/2002)
	Timetable Set For FASB 94 Draft On Consolidation The Financial Accounting Standards Board has agreed to set an expedited timetable for its discussion on special purpose entities ...more Bondweek--Institutional Investor Newsletters (6/14/2002)
	N.Y. Firm Originates Second CDO Of The Year C-Bass is originating its second collateralized debt obligation of the year in a transaction set to price later this week and to close before the end of the month, says a CDO market official ...more Bondweek--Institutional Investor Newsletters (6/7/2002)
	Fitch Reduces CMBS Group Fitch Rating's commercial mortgage-backed securities group has been downsized, says Mary Metz, managing director and co-head of the CMBS group ...more Bondweek--Institutional Investor Newsletters (6/7/2002)
	DaimlerChrysler Issues Its First Floorplan Deal Of The Year DaimlerChrysler brought its first dealer floorplan securitization of the year--a $2 billion transaction set to close June 11 ...more Bondweek--Institutional Investor Newsletters (5/31/2002)
	Rating Agencies Worry Over High Credit Card Losses Despite the economic recovery, charge-off rates on credit cards have increased to record levels. David Wyss, economist at Standard & Poor's, predicts a 7.2% charge-off rate for the year ...more Bondweek--Institutional Investor Newsletters (5/31/2002)
	Credit Card ABS Deals To Increase In U.K. The securitization of credit card receivables will pick up in the U.K. over next few months, say London-based ABS officials ...more Bondweek--Institutional Investor Newsletters (5/12/2002)
	ABS Sell-Siders Debate MH ABS Value ABS analysts debating whether difficult times for the manufactured housing sector will reverse as spreads have tightened over the past six weeks ...more Bondweek--Institutional Investor Newsletters (5/12/2002)
	Soccer ABS Heats Up On The Continent With Italy's Parma AC readying to launch it's securitization deal, the first public ABS deal done by an Italian soccer club, other teams in Germany and Italy may follow suit ...more Bondweek--Institutional Investor Newsletters (5/6/2002)
	Chicago Buysider To Prep Its First CDO Of The Year Deerfield Capital Management is readying its first collateralized debt obligation of the year to be underwritten by UBS Warburg ...more Bondweek--Institutional Investor Newsletters (5/6/2002)
	HSBC Ready To Double Its ABCP Conduit Issuance HSBC plans to double the size of its asset-backed commercial paper multi-seller conduit Bryant Park Funding to above $1 billion by this summer ...more Bondweek--Institutional Investor Newsletters (4/29/2002)
	Dresdner To Hire Three ABS Pros Dresdner Kleinwort Wasserstein is looking to hire three asset-backed securities bankers for its New York office ...more Bondweek--Institutional Investor Newsletters (4/29/2002)
	HSBC Hires Dresdner's Head Of ABS HSBC has hired Jon Borttoff to head short-term asset-backed securities transactions. He joins from Dresdner Kleinwort Wasserstein, where he headed North-American securitization ...more Bondweek--Institutional Investor Newsletters (4/22/2002)
	Eurostat ABS Accounting Guidance May Jeopardize Greek Deals Forthcoming accounting guidance for asset-backed deals from Eurostat-the European Agency for Statistics-which seek to define a true sale of assets, may cause trouble for the two securitization deals ...more Bondweek--Institutional Investor Newsletters (4/22/2002)
	Healthcare Finance Group To Securitize Receivables Healthcare Finance Group will be in the market this quarter with a $500 million privately-placed securitization of healthcare receivables, its first deal of the year ...more Bondweek--Institutional Investor Newsletters (4/8/2002)
	New Jersey Utility To Issue RRB Deal New Jersey Central Power & Light is set to issue $320 million in rate reduction bonds, according to a rating agency analyst ...more Bondweek--Institutional Investor Newsletters (4/8/2002)
	PIMCO Launches Its First Emerging Market CDO PIMCO is slated to be the collateral manager of an emerging market collateralized debt obligation ...more Bondweek--Institutional Investor Newsletters (3/29/2002)
	ABS Pros Debate Potential For Further Auto Tightening Asset-backed pros are debating whether auto ABS spreads can trade tighter ...more Bondweek--Institutional Investor Newsletters (3/29/2002)
	U.S. ABS Backed by Future Cash Flows Set to Debut Two U.S. companies are preparing to raise a total of $550 million via securities backed by projected future cash flows-the first time such a structure will be used anywhere outside of the U.K ...more Emma Trincal, Bondweek--Institutional Investor Newsletters (2/5/2002)
	New York Hedge Fund Readies CDO The Clinton Group is readying a multi-sector collateral debt obligation that should price in early February ... The $300 million CDO, called Fulton Street, is being underwritten by UBS Warburg ...more Bondweek--Institutional Investor Newsletters (2/5/2002)
	Latin American Corporate Securitizations To Take Off Securitizations from Latin America, particularly Brazil, should grow in number next year, according to London asset-backed bankers and analysts. ...more Bondweek--Institutional Investor Newsletters (12/17/2001)
	J.P. Morgan Credit Card ABS Closes Today J.P. Morgan Securities is scheduled to close today a $1.2 billion five-year floating rate ...more Bondweek--Institutional Investor Newsletters (12/17/2001)
	Banc One Argues For Swap Into HELs With falling interest rates pressing asset-backed securities investors to find additional yield ...more Bondweek--Institutional Investor Newsletters (12/3/2001)
	Deere Plows Into ABS Mart After Two Year Absence Deere & Company, the Moline, Ill.-based manufacturer of farming equipment, is securitizing some of its agricultural equipment loans for the first time since 1999 ...more Bondweek--Institutional Investor Newsletters (11/5/2001)
	Italian Bank CDO Set To Price An E223 million collateralized debt obligation deal originated by Banca Lombarda will be priced today or tomorrow by BNP Paribas in London ...more Bondweek--Institutional Investor Newsletters (10/29/2001)
	Deerfield Capital Preps Its First Synthetic CBO Deerfield Capital Management is bringing to market its first synthetic collateralized bond obligation ...more Bondweek--Institutional Investor Newsletters (10/15/2001)
	Seneca Brings CDO Deal, As Spreads Widen On Mezzanine Tranches Seneca CBO IV priced a $285 million deal recently that was led by Salomon Smith Barney. ...more Bondweek--Institutional Investor Newsletters (10/15/2001)
	Dexiam Launches High-Yield Product Dexia Asset Management (Dexiam) is launching a high-yield collateralized bond obligation (CBO) and plans to raise up to $300 million ...more Bondweek--Institutional Investor Newsletters (10/1/2001)
	EETC Market Grounded After WTC ATTACK The $25 billion Enhanced Equipment Trust Certificate (EETC) market for bonds backed by leases on commercial airliners ...more Bondweek--Institutional Investor Newsletters (9/24/2001)
	American Airlines To Sell $2 Billion EETC American Airlines is bringing a $2 billion enhanced equipment trust certificate transaction to market today... ...more Bondweek--Institutional Investor Newsletters (9/10/2001)
	Shifting Gears? Manufacturing Housing Bonds Catch Street's Eye The manufacturing housing sector has suffered through a period of declining sales and income, but its asset-backed securities have ...more Bondweek--Institutional Investor Newsletters (8/30/2001)
	Largest Ever ABS CDO Priced The largest collateralized debt obligation backed by asset-backed bonds ever sold, a $602 million cash flow CDO transaction ...more Bondweek--Institutional Investor Newsletters (8/27/2001)
	Fiat To Launch E850 Mln In ABS Debt This Fall Fiat s.p.a, the large Italian automaker, will issue E850 million ($767 million) of asset-backed securities notes ...more Bondweek--Institutional Investor Newsletters (8/20/2001)
	Card Charge-Off's Are Not Yet Seen As A Threat For ABS Issuers Rating agency analysts say rising bankruptcy and credit card charge-off levels have not affected the credit card asset-backed securities market ...more Bondweek--Institutional Investor Newsletters (8/13/2001)
	Heller Ramps up $400 Mln CDO Heller Financial Asset Management is looking for assets for a new $400 million collateralized debt obligation ...more Bondweek--Institutional Investor Newsletters (7/30/2001)
	Chase Credit Card ABS Hitting Market Chase Manhattan Bank will securitize between $500 million and $1 billion of credit-card receivables ...more Bondweek--Institutional Investor Newsletters (7/23/2001)
	First Pure Mezzanine Loan ABS Set To Hit The Euro Mart A EUR500-700 million bond structure backed entirely by mezzanine loans is being readied in Europe ...more Bondweek--Institutional Investor Newsletters (7/16/2001)
	RV Loan Deal Hits ABS Mart A new $314 million recreational vehicle loan-backed transaction, lead managed by Deutsche Bank ...more Bondweek--Institutional Investor Newsletters (7/2/2001)
	Iowa Buysider Ponders First CDO Paul Girard, senior ABS analyst with Principal Capital Management in Des Moines, says the firm is seriously considering launching a CDO as a first-time collateral manager ...more Bondweek--Institutional Investor Newsletters (6/25/2001)
	Legal Experts Expect Obscure Reg. To Benefit ABS Bondholders ABS analysts and legal experts expect a revised version of Article nine of the New York State Uniform Commercial Code ...more Bondweek--Institutional Investor Newsletters (6/18/2001)
	TCW Places Hi-Grade Emerging Market CDO TCW Asset Management Company, one of the largest CDO managers in the U.S. ...more Bondweek--Institutional Investor Newsletters (6/11/2001)


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