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; [email protected]

Stock News for Wyndham Worldwide Corp (WYN)
03/22/201716:05:00Wyndham Worldwide Completes $350 Million Term Securitization
03/21/201716:14:07Current Report Filing (8-k)
03/17/201716:44:18Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/17/201712:22:00Wyndham® Extra Holidays Invites Travelers To "Spring Forward...
03/16/201717:57:00Wyndham Worldwide Prices $300 Million of Senior Unsecured Notes...
03/16/201717:16:27Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
03/16/201708:50:43Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
03/15/201710:30:00RCI Returns as Title Sponsor of the Christel House Open
03/13/201709:43:00Wyndham Worldwide Earns World's Most Ethical Company Distinction
03/08/201716:57:46Statement of Changes in Beneficial Ownership (4)
03/07/201710:35:00Wyndham Vacation Ownership Wins Six Stevie® Awards For Sales...
03/06/201717:02:44Statement of Changes in Beneficial Ownership (4)
03/06/201717:01:30Statement of Changes in Beneficial Ownership (4)
02/28/201716:05:00Wyndham Worldwide Declares Cash Dividend
02/24/201717:07:54Statement of Changes in Beneficial Ownership (4)
02/23/201716:15:00Wyndham Worldwide to Participate in a Fireside Chat at J.P. Morgan...
02/21/201718:28:09Statement of Changes in Beneficial Ownership (4)
02/21/201718:15:59Statement of Changes in Beneficial Ownership (4)
02/21/201718:15:32Statement of Changes in Beneficial Ownership (4)
02/21/201718:15:06Statement 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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations