ADVFN - Advanced Financial Network.
HOME» NYSE » W » WYN Stock Price » WYN Stock News

Wyndham Worldwide Corp Share News

 Wyndham Worldwide Corp Stock Price
WYN Stock Price
 Wyndham Worldwide Corp Stock Chart
WYN Stock Chart
 Wyndham Worldwide Corp Stock News
WYN Stock News
 Wyndham Worldwide Corp Company Information
WYN Company Information
 Wyndham Worldwide Corp Stock Trades
WYN Stock Trades

Wyndham Worldwide Offers $250 Million Bond

By Anusha Shrivastava Of DOW JONES NEWSWIRES NEW YORK-(Dow Jones)- Wyndham Worldwide Corp. (WYN) is tapping the market with a $250 million timeshare receivables backed bond, according to a term sheet. The bond is being offered via the private Rule 144a market and is joint led by Credit Suisse (CS), Deutsche Bank (DB) and Royal Bank of Scotland (RBS). Wyndham's bond is among the first to be issued after ABS East, a securitization-industry conference held last week in Miami. Issuance of asset-backed securities for the rest of this year and 2011 is "likely to remain muted in most sectors, with issuance in credit card and student loan ABS low by historical standards and auto-related securitizations being the main engine of growth yet again," wrote Barclays analysts in a note. Large bank-card issuers may bring "occasional deals" to diversify funding sources or maintain their presence in the securitization market, they add. So far this year, issuance of credit card loan backed bonds has been about $5 billion. While consumer loan-backed issuance has climbed to about $80 billion so far this year, it is way behind the $140 billion issued last year, when a Federal Reserve program helped boost new issuance. In mid-September, Wyndham sold a $250 million 7.5-year senior unsecured bond. At the time, Tom Conforti, chief financial officer of Wyndham Worldwide, said the company found the ultra-low borrowing rates attractive. "With interest rates at historic lows, the timing of this bond offering is excellent," Conforti said at the time. Wyndham has issued two other asset-backed bonds this year. -By Anusha Shrivastava, Dow Jones Newswires; 212-416-2227;

Stock News for Wyndham Worldwide Corp (WYN)
09/01/201514:32:00Wyndham® Extra Holidays Invites Travelers To Celebrate Fall...
08/27/201516:27:51Current Report Filing (8-k)
08/26/201514:42:00Wyndham Worldwide Receives MBA Orlando "Corporate Ally of the...
08/26/201509:59:00Upgrade your Outer Banks Vacation Experience with Hatteras PLUS...
08/25/201517:01:58Statement of Changes in Beneficial Ownership (4)
08/24/201513:34:00Court Affirms FTC Authority Over Data-Security Practices
08/20/201510:02:00Nearly 60 Resort Properties Join the RCI® Global Exchange Network...
08/19/201513:00:00Wyndham Worldwide Presents Check for $100,000 to "Birdies Fore...
08/17/201516:11:05Current Report Filing (8-k)
08/17/201509:00:00Wyndham Championship Supports Local Piedmont Triad Community...
08/13/201516:05:00Wyndham Worldwide Corporation Declares Cash Dividend
08/12/201511:00:00Wyndham Worldwide Once Again Earns Top 25 Honor In "Top 100 Companies...
08/05/201516:19:16Automatic Shelf Registration Statement of Securities of Well-known...
08/04/201514:06:00Wyndham® Extra Holidays Offers "California Dreamin'" Travel...
07/30/201519:22:13Statement of Changes in Beneficial Ownership (4)
07/30/201519:22:13Statement of Changes in Beneficial Ownership (4)
07/30/201519:21:45Statement of Changes in Beneficial Ownership (4)
07/30/201519:21:45Statement of Changes in Beneficial Ownership (4)
07/30/201519:21:17Statement of Changes in Beneficial Ownership (4)
07/30/201519:20:48Statement of Changes in Beneficial Ownership (4)

Wyndham Worldwide Corp and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations