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Papier Union AR and PMF Factored AR securitisation
Two companies' assets were combined and securitised. Papier Union (a paper merchant) securitised its own ARs. PMF is a factoring company...
Dr P Singh
Jun 6, 20201 min read
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Collateralised microfinance ARs securitisation
Collateralised microfinance account receivables Microfinance account receivables (ARs) were securitised. The underlying assets generating...
Dr P Singh
Jun 6, 20201 min read
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Sprint in sale & leaseback securitisation of its airwaves
It issued a £3.5bn note secured by a portion of its investment in the US government's wireless spectrum infrastructure. Sprint has...
Dr P Singh
Jun 6, 20201 min read
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Sprint in securitisation of its wireless service account receivables.
Wireless Service - Account Receivables 2014: Sprint and certain of its subsidiaries have entered into a bank revolving credit facility...
Dr P Singh
Jun 6, 20201 min read
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Korean Airlines Future flow airline tickets securitisation
Future flow airline tickets 2010: Korean Air Lines (KAL) has returned to the securitization market. The underlying transaction ...
Dr P Singh
Jun 6, 20201 min read
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Korean Airlines future flow Cargo receivables securitisation
2005: "Payments on the [Yen 20bn floating rate] notes are backed by future revenues from the sale of cargo services [cargo receivables]...
Dr P Singh
Jun 6, 20201 min read
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Ferroglobe trade receivables securitisation
2018: Trade receivables from across the globe are the security for the securitisation. ING is snr lender, Ferro. holds snr and jnr sub...
Dr P Singh
Jun 1, 20201 min read
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Black Box receivab1es securitisation
The securitisation of receivables (originated by Black Box’s subsidiaries in the United States and United Kingdom), was used to...
Dr P Singh
Jun 1, 20201 min read
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Hapag-Lloyd in shipping receivables ABCP-funded securitisation
Feb 2018 $550m ABCP-funded securitisation of shipping receivables
Dr P Singh
Jun 1, 20201 min read
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Nitron trade receivables ABCP-funded securitisation
29 Jan 2020. Chemicals trader established a $200m 1-year maturity ABCP-funded securitisation of its global trade receivables.
Dr P Singh
Jun 1, 20201 min read
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StarTek receivables securitisation
A StarTek SPV purchases invoices off StarTek and they are sold to Regions Bank at a discount of LIBOR+1.60%. A non-usage fee of 40bp is...
Dr P Singh
Jun 1, 20201 min read
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Raiffeisen-Leasing securitisation
The EIB Group, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF), has supported a...
Dr P Singh
Apr 26, 20202 min read
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Private securitisation
Zenzic Partners discuss in Private Debt Investor the benefits of private (as opposed to public) asset securitisation: Smaller minimum...
Dr P Singh
Apr 26, 20201 min read
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Wyndham Destinations completes vacation ownership securitisation
$500M of asset-backed notes were issued by Sierra Timeshare 2018-2 Receivables Funding LLC, an indirect subsidiary of the company.
Dr P Singh
Apr 22, 20201 min read
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CPS in securitisation of residual interests in 17 securitisations
Consumer Portfolio Services closed a financing backed by its residual interests in 17 previously issued securitizations. A qualified...
Dr P Singh
Apr 22, 20201 min read
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Hilton Grand Vacations in vacation ownership loans securitisation
Vacation ownership loans (aka timeshare Ioans). To see how such loans can be financed, see here
Dr P Singh
Apr 22, 20201 min read
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Starwood Property Trust in non-qualified residential mortgage loan securitisation
Its inaugural residential mortgage securitization, STAR 2018-IMC1, a $374 million transaction is comprised (primarily) of non-QM...
Dr P Singh
Apr 22, 20201 min read
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Ellington Financial in non-qualified residential mortgage loan securitisation
The Ioans were originated by LendSure Mortgage Corp, in which Ellington has an equity stake. What is a non-qualified Mortgage? First...
Dr P Singh
Apr 22, 20202 min read
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Credit Acceptance in dealer auto-loan securitisation
Credit Acceptance (CA) offers financing to automobile dealers for then to sell vehicles to consumers, regardless of their credit ...
Dr P Singh
Apr 22, 20201 min read
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Workforce housing loan securitisation by Freddie Mac
Freddie Mac securitises housing workforce Ioans Its Green Advantage program focuses solely on workforce housing and requires borrowers to...
Dr P Singh
Apr 22, 20201 min read
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