Rise in LTVs force Talisman 6 loans into default

Two loans representing 52% of the value of Talisman 6, a CMBS backed by German retail assets, have moved into default after failing to qualify for extensions.

  • 20 Jul 2012

The Orange loan, worth 38.5% of the pool, failed to comply with three of the four conditions required to qualify for the second year of a three year extension, servicer Hatfield Philips said on Tuesday.

The market value of the Orange properties had fallen to €411.7m, with €399m ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%