Verizon Communications is preparing a US$1.169bn securitisation backed by mobile phone contracts – the first transaction of its kind in the US. The asset-backed securities (ABS) will be issued by Verizon Owner Trust 2016-1 (VZOT-2016-1), a discrete trust, in three tranches: US$1bn of Class A notes, US$84.52m of Class B notes and US$84.51m of Class C, Fitch […]