Category Archives: Asset Backed Securities

Norway to Start a Trade ‘Dialogue’ With the U.K. Next Month

Norway will start a trade dialogue with the U.K. next month to ensure its biggest trading partner meets its interests as Britain embarks on exiting the European Union. “We are, of course, following developments in the U.K. and in the

BRIEF-FlexiGroup prices A$260M asset backed securities

April 22 (Reuters) – FlexiGroup Ltd FXL.AX : * FlexiGroup prices A$260M asset backed securities FXL.AX * Source text for Eikon ID:nASX54Tc9g

Capital Clearance Group launches new note to join in Asia’s Asset Securitization trend

CCG Combined Assets Securitization Note is designed to be a leader among peers and take the financial market by storm. By Anne Moore March 30, 2016     Capital Clearance Group launches new note – CCG Combined Assets Securitization Note,

Community banks clamor for fintech partners

Smaller traditional firms find themselves struggling against new online regional banks, making partnerships with fintech start-ups crucial. Financial technology mania is spreading from Wall Street to smaller banks that are increasingly eager to participate online as consumers’ adoption of fintech

Verizon Weighs Selling Bonds Backed by Customers’ Phone Payments

Verizon Communications Inc., the largest U.S. wireless provider, may sell bonds backed by the payments its customers owe for financing phones. While other companies such as Sprint Corp. have used the technique to obtain private loans, Verizon would be one

JPMorgan Said to Offer Asset-Backed Bonds Tied to LendingClub

JPMorgan Chase & Co. is marketing a package of bonds tied to unsecured consumer loans that were originated by LendingClub Corp., according to two people with knowledge of the matter. The securities are backed by some of the $1 billion

ECB backs proposals to revive EU market for asset-backed securities

BRUSSELS (Reuters) – ECB President Mario Draghi backed a plan to revive Europe’s weakened market for asset-backed securities (ABS), saying on Monday that it was well designed to strengthen the sector while guaranteeing financial stability. ABS are securities based on

SolarCity Completes Industry’s First Securitization of Distributed Solar Loans

SAN MATEO, Calif., Jan. 21, 2016 /PRNewswire/ — SolarCity Corp. (SCTY) completed its first securitization of distributed solar loan assets earlier today; the company’s fifth securitization transaction to date. SolarCity completed a private placement in the amount of $185 million—$2.89 per

China’s Country Garden issues $440 mln ABS backed by contract receivables

Jan 14 China’s fourth biggest developer by sales Country Garden said on Thursday its subsidiary has packaged part of its contract receivables rights and issued 2.9 billion yuan ($440.2 million) worth of asset-backed securities (ABS), the first-of-its-kind in the industry.

‘Bowie Bonds’ blazed a trail through capital markets

Just as he blazed a trail through the world of rock’n’roll, David Bowie’s dalliance with the stock market gave the world something it had never seen before — pop bonds. In 1997 he sold $55m of “Bowie Bonds”, asset-backed securities