These are --$110.775 million enhanced tobacco settlement asset-backed bonds
, series 2018A.
The government, through Land Bank and DBP, holds an economic interest in MRT-3, by virtue of the government's purchase of asset-backed bonds
issued by MRTC's original owners Metro Rail Transit Corp.
Caribbean Financial Group ("CFG"), a consumer finance company that offers unsecured personal loans and related credit insurance products in the Caribbean and Panama, has announced the completion of its inaugural securitization, an issuance of USD 207 million of two-year revolving, asset-backed bonds
secured by a pool of its unsecured consumer installment loans, the company said.
Caribbean Financial Group (CFG), a consumer finance company that offers unsecured personal loans and related credit insurance products in the Caribbean and Panama, has said that it has completed its inaugural securitisation, an issuance of USD207m of two-year revolving asset-backed bonds
secured by a pool of its unsecured consumer instalment loans.
Companies like Lending Club then often sell packages of the loans to banks that securitize the loans into asset-backed bonds
- something Jefferies had been planning to do.
Each manager defines such strategies in its own way, but PIMCO's version of multi-sector fixed income can invest in all sectors of bonds in any geographic market, including government, corporate and asset-backed bonds
, as well as bank loans.
There was relief sounded earlier this year when the European Central Bank (ECB) announced that it would buy over $1tn (EUR890m) of sovereign and asset-backed bonds
between March 2015 and September 2016.
In 2003, the MRT line's private concessionaire MRT Corp., then owned by the Sobrepena family, decided to cash in on its investment in the train line by issuing asset-backed bonds
for future equity rental payments.
Consistent with traditional, negotiated cash-offer practices, underwriters of asset-backed bonds
would buy at a discount a specified amount of the offer before reselling to investors.
The central bank said it will conduct refinancing operations and buy asset-backed bonds
worth 40 billion euros for a year.
Lloyds TSB, a part of UK's Lloyds Banking Group Plc (LLOY.LN)(LSE: LLOY) (NYSE: LYG) has priced its triple-A rated, asset-backed bonds
backed by credit card receivables and denominated in sterling and dollars, Dow Jones has reported, citing one of the banks managing the transaction.
AESOP has closed an offering of USD700m of asset-backed bonds
with a weighted average interest rate of 3.2%, and renewed an asset-backed bank conduit facility by expanding its borrowing ability by USD100m.