Edition:
United States

Charles Williams

Moody's says housing reform positive for private label RMBS

Apr 15 2014

NEW YORK, April 15 (IFR) - A new report from Moody's says several provisions in the comprehensive housing finance reform bill proposed by US Senators Tim Johnson and Mike Crapo would help spur issuance in private-label RMBS.

Kabbage raises USD270m from credit facility

Apr 09 2014

NEW YORK, April 9 (IFR) - Kabbage, a start-up that specializes in financing for small online merchants, has raised USD270m from a credit facility backed by receivables that will dramatically lower the cost of its funding and pave the way for the company to expand.

GM Financial pre-markets first ever auto-lease ABS

Mar 27 2014

NEW YORK, March 27 (IFR) - GM Financial is pre-marketing its first ever auto-lease ABS in a market lacking supply after a burst of issuance last week.

Toyota readies first-ever 'green' auto ABS

Mar 06 2014

NEW YORK, March 6 (IFR) - Toyota is prepping the first-ever "green bond" in the US auto ABS market, which will be used to finance future loans and leases of hybrid, electric and alternative-fuel vehicles.

Cisco launches biggest high-grade bond of the year

Feb 24 2014

NEW YORK, Feb 24 (IFR) - Cisco Systems is set to raise US$8 billion from a seven-tranche bond - the biggest investment-grade bond deal of the year. It is also the second largest bond issued by a technology company after Apple's US$17 billion deal in 2013, according to IFR data.

Vacancy rates higher than expected in first REO to rental deal

Feb 19 2014

NEW YORK, Feb 19 (IFR) - The stabilized vacancy rates for the single-family home rental properties backing the first-ever REO-to-rental securitization from Blackstone's Invitation Homes unit were higher than that predicted by the issuer.

Fitch says too soon for top rating on SFR deals

Oct 29 2013

NEW YORK, Oct 29 (IFR) - Fitch said Tuesday that it will not consider giving its highest AAA rating to securitized products based on single-family rentals (SFR), as the first such deal gets ready to come to market.

JC Penney CDS widens in latest skirmish over future

Aug 09 2013

Aug 9 (IFR) - Troubled retailer JC Penney saw its credit default swaps (CDS) widen on Friday after another round of wrangling over the company's future and its next chief executive.

Investors chase window of opportunity in auto-loan bonds

Jul 26 2013

NEW YORK, July 26 (IFR) - Investors aggressively bid on a fresh supply of asset-backed securities (ABS) this week, hoping to take advantage of slightly juicier spreads before they inevitably tighten again.

Structured finance slows to a crawl on credit-market jitters

Jun 24 2013

NEW YORK, June 24 (IFR) - The US structured finance market came to a standstill on Monday as the continued spike in Treasury yields gave rise to a fresh bout of deal-execution uncertainty in the primary market and pushed investors to the sidelines in the secondary market.

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