New Issue CMBS Is It An Illusion?
Almost everyone in the market noticed the flurry of activity in new issue commercial mortgage-backed securities in both the U.S. and this side of the Atlantic at the end of April. In this article we consider how these new issues differ from pre-crisis CMBS, the investor appetite, the stance of the rating agencies towards such deals, and what these new issues may signal to the market.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: