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ABS Daily

  • Competitors eye US student loan market as Wells walks

    Competitors eye US student loan market as Wells walks

    Competitors are beginning to circle Wells Fargo’s chunky share of the US student loan market. The opportunity is particularly attractive for non-bank ABS issuers such as Navient and Sallie Mae, sources say, who are looking to translate demand into new origination volumes. Jennifer Kang reports.

  • Oportun returns with unsecured consumer ABS

    Oportun returns with unsecured consumer ABS

    Unsecured consumer lender Oportun, known to primarily serve customers with less access to traditional banking services, including low income and immigrant communities, is returning to the securitization market. It is the first deal from the issuer since coming under fire for filing more lawsuits than any other personal loan company in California and Texas.

  • Citizen Irish announces rare auto ABS

    Citizen Irish announces rare auto ABS

    Citizen Irish has mandated Deutsche Bank as arranger and Citi as joint-lead manager for a new Irish auto ABS, the third deal to come from the issuer after a two-year break.

  • Investors flock to first aircraft ABS since Covid outbreak

    Investors flock to first aircraft ABS since Covid outbreak

    Global Jet Capital has priced the first aircraft ABS deal since the pandemic, testing the water with a unique deal backed by diversified and newer business jets linked to high net worth individuals. Although the transaction was well received by investors, it will still be some time before more conventional aircraft deals see demand rebound.

  • Goldman, BofA take most of mammoth mortgage bond bidlist

    Goldman, BofA take most of mammoth mortgage bond bidlist

    Cerberus Capital Management drew strong demand for its 48-line item bidlist of mezzanine mortgage bonds on Thursday, with winning bids for most of the bonds in the nearly day-long sale going to Goldman Sachs and Bank of America, sources tell GlobalCapital.

  • Window closing for euro ABS primary

    Window closing for euro ABS primary

    Most euro ABS issuers are holding off on new deals until the results of upcoming US presidential election, according to sources, with about only a one month window of opportunity in November between the election and intensifying Brexit headline risk.

  • Pimco, GECAS launch aircraft investment platform

    Pimco, GECAS launch aircraft investment platform

    Pimco is teaming up with GE Capital Aviation Services (GECAS) to create an aircraft leasing investment platform to support up to $3bn in aircraft asset financing. Sources say it will provide a new funding option and inject liquidity into the aviation industry at a time when it is badly needed.

  • Janus Henderson launches new ABS fund

    Janus Henderson launches new ABS fund

    Janus Henderson Investors has launched a new ABS fund, named the Janus Henderson Asset-Backed Fund, to be offered to institutional investors in a UCITS structure.

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