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 ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

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  • 22 May 2017
1 Citi 41,255.30 117 12.99%
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5 Credit Suisse 16,754.47 44 5.28%