HAIL oversubscribed

AerGen’s debut $324.7million asset backed securitization (ABS) transaction, Habor Aircraft Investments Series 2016-1 (HAIL) has been a resounding success. The three tranched ABS, which priced on June 22 and is due to settle this week, was oversubscribed on all tranches. The $246.7 million A loans, which have an initial loan-to-value of 63.7% and were rated A by Standard & Poor’s and Kroll Bond Rating Agency, yielded 4.750% and was 1.2 times oversubscribed. The $47 million B loans, rated BBB by S&P and Kroll, with an initial LTV of 75.9%, yield 6.5% and were 1.75 times oversubscribed. The $31 million C