Topics covered include: Extendable note
programmes, Asset - backed commercial paper market RMBS, CDOs and CMBS, while country and regional reviews focus on securitisation in: Asia, Australia, Austria, Czech Republic, Europe, France, Italy, Latin America, Luxembourg, Mexico, Nordic Region, Portugal, Scotland, Spain, Switzerland, UK and US.
Georgetown Funding is a new market value, extendable note
program sponsored by FBR Investment Management.
TSF, sponsored by Eurohypo AG, New York Branch (Eurohypo, rated 'A/F1' by Fitch), is a bankruptcy-remote special purpose Delaware limited liability company established to issue up to $5 billion of 4 (2) asset-backed commercial paper (CP) and extendable notes
The following table reflects GACC's consolidated long-term debt as of March 1, 1994, after the refinancing of the 13% Senior Subordinated Notes due 2001 and the 14% Senior Extendable Notes
due 2001 (in thousands):
0 billion of 4(2) asset-backed commercial paper (CP) and extendable notes
6,593,000 Adventist Health System/West five-year extendable notes
, 1987 series A;
5 billion in extendable notes
issued by Wells Fargo & Company.
If the notes are not repaid by their expected maturity, they are converted to extendable notes
with a maturity of an additional 180 days from their original expected maturity date.
If the notes are not repaid by their expected maturity they can be converted to extendable notes
or become noncalled notes with maturities of an additional 120 days from their original expected maturity date.