Refinancing glut looms for Singapore real estate companies

Real estate companies in Singapore are facing a year of heavy CMBS redemptions in 2009, with most likely to turn away from the mortgage-backed market as they attempt to refinance the deals.

  • 13 Jan 2009
Rating agency Fitch warned on Friday that real estate investment trusts (Reits) and property companies in the city state would need to refinance S$2.1bn in 2009 out of S$6bn outstanding overall. Bankers have little faith, however, that the Singaporean CMBS market will recover in 2009, after failing to ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

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

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%