NEW YORK— According to a recent Reuters report, Orlando-based Starwood Vacation Ownership is planning to launch a $200 million timeshare receivables securitization in the next several weeks. The transaction will securitize financing provided by Starwood to purchasers of timeshare and vacation condominiums and homes. Although the Starwood deal is still being refined, it will likely feature four classes, each fixed rate, and with an average life of approximately three years, Reuters reported. The underlying asset pool is approximately $225 million. Credit Suisse First Boston is leading the deal, according to the report. SOURCE: Reuters
