Weekly Issue Archive »

Issue 388 - 28th May

  • News

    • ABS

      • Revolving auto deal debuts

        Ford Credit has priced a unique prime auto loan ABS that brings some welcome diversification to the sector. The US$1.08bn Ford Credit Auto Owner Trust 2014-REV1 deal will revolve for five years, before paying principal with a soft-bullet maturity (se...

    • CLOs

      • CLO mezz relative value highlighted

        CLO spreads are trading in the middle of their post-crisis range, in contrast to most other securitised products, where spreads are at or close to their 12-month tights. While triple-A and double-A CLO bonds do not compare as favourably on a current...

    • CMBS

      • LEMES 2006-1 offer enhanced

        IEF, the sponsor of Dutch CMBS Leo-Mesdag, has offered noteholders an enhanced restructuring proposal. The new proposal includes an additional equity contribution of €15m, to be paid out either as additional interest to the class A notes or...

    • Insurance-linked securities

      • Sidecars proliferating

        New capital invested in reinsurance sidecars reached US$1.92bn in 1Q14, the highest level of quarterly growth in the segment since 2009, according to Moody's. New capital has surged even as reinsurance rates fall, suggesting that reinsurers have diff...

  • Job Swaps

    • Structured Finance

      • Natixis promotes SF trio

        Natixis has made a couple of appointments to its global structured credit solutions (GSCS) team. Emm...

    • CDS

      • ICE transition accelerated

        Duncan Niederauer, ceo of NYSE Group and co-president of ICE, has accelerated his planned departure...

    • CMBS

      • CMBS chief makes move

        Goldman Sachs has hired Jonathan Strain as an md in its commercial mortgage bond business. He will b...

    • Insurance-linked securities
    • RMBS

      • RMBS trading vet recruited

        Prudential Fixed Income has hired John Vibert as md, structured products. Vibert will work closely w...

  • News Round-up

      • Ford debuts Chinese ABS

        Ford Automotive Finance (China) has completed its first auto loan ABS in China to support the financ...

    • Structured Finance

      • Pre-crisis losses decline

        The turnaround of the US housing market has led to a sizeable decline in pre-crisis global securitis...

      • BPO assessments examined

        Moody's notes in its latest ResiLandscape publication that broker price opinions (BPOs) can provide...

      • SFR criteria released

        Kroll Bond Ratings has published its single-family rental (SFR) securitisation methodology. Given th...

      • CBO tender launched

        HoldCo CDO Opportunities Fund has commenced a tender offer to purchase for cash all of the outstandi...

    • CDS

      • EFH CDS, LCDS settled

        The final results of the Energy Future Holdings CDS auctions have been published (SCI 16 May). The f...

    • Risk Management

      • End-user trading promoted

        The CFTC has announced two actions designed to benefit utility special entities and promote end-user...

    • RMBS

      • DSB compensation to rise?

        The Amsterdam court has passed an interim ruling on the framework agreement that sets out the compen...

      • Bidding criteria switched

        The seller of yesterday's US$1.1bn non-agency RMBS BWIC (SCI 20 May) switched on the morning of the...


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