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Article: ContiMortgage Prices $1.525 Billion Home Equity Loan ABS.
- Article from:
- Business Wire
- Article date:
- September 19, 1997
CopyrightCOPYRIGHT 1997 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--September 19, 1997--ContiMortgage Corporation, a subsidiary of ContiFinancial Corporation (NYSE:CFN), has priced a $1.525 billion Home Equity Loan Asset Backed Security issue. This issue, ContiMortgage Home Equity Loan Trust 1997-4, is structured using a combination of a subordinated class and a 100% surety wrap credit enhancement.
The bonds will be issued by the Trust and will include 10 tranches as follows: -0-
Class Amount YieldS&P/Moody's/Fitch
($ Millions)
A-1 (PAC) $235.00 5.939% AAA/Aaa/AAA
A-2 (PAC) $166.00 ...