SPE

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SPE

abbr.
special purpose entity
References in periodicals archive ?
Enel Kansas, LLC formed a special-purpose entity, Outlaw Wind Project, LLC, to complete the project.Ameren Missouri provides electric service to approximately 1.28 million customers in Missouri.
Air India Assets Holding, a special-purpose entity set up last year to hold some of state-owned Air India's debts and assets, aims to raise INR220 billion rupees (USD3.2 billion) in its first rupee-denominated bond sale to refinance part of the debts, Bloomberg has reported.
Bi Hai is an offshore special-purpose entity based in the British Virgin Islands wholly owned by China-based Yunnan Provincial Investment Holdings Group Co.
Still, the new legislation simplifies asset transfers to the special-purpose entity and "can now be carried out by assignment, transfer or declaration of trust," with the securitisation special-purpose entity assumes all rights and obligations from the originator, Moody's said.
To facilitate the acquisition, the company said NEC Tokin has agreed to sell its EMD division (electromechanical devices) to special-purpose entity NTJ Holdings Ltd., owned by funds managed or operated by Japan Industrial Partners, Inc., for approximately JPY 48.2bn (USD 422m).
The company that wins the licence will create a special-purpose entity, which will be granted an individual operating licence and an individual spectrum licence by the Utilities Regulation and Competition Authority (URCA), after winning a multiround ascending spectrum auction.
The borrower, 200 Lenox Avenue, LLC, a special-purpose entity, will utilize the funding to refinance an existing first mortgage.
IPIC GMTN is a special-purpose entity that is a wholly-owned subsidiary of 100 per cent state-owned Abu Dhabi-based IPIC (AA/Stable/A-1+).
Inverfin is a special-purpose entity formed to own and manage a single commercial property asset, 50-storey office building Menara Citibank, which serves as the collateral property for the rated notes.
In a typical loan-securitization transaction, a bank that originated or acquired a portfolio of residential-mortgage loans receivable would exchange the loans for debt securities backed by the loans via a special-purpose entity (SPE) created solely for the purpose of acquiring the loans from the bank and, in return, issuing the loanbacked debt securities to the bank.
Following the financial crisis, WestLB, which is owned by the state of North Rhine-Westphalia and regional savings banks associations, has moved problematic assets worth EUR23bn into a special-purpose entity, with the resulting risks guaranteed by its owners, the report said.

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