Latest CMBS news

  • Q&A – Tad Philipp, Moody’s Investors Service

    Tad Philipp, senior vice president and head of commercial real estate research at Moody’s, is set to retire next month, bidding farewell to an industry in which he has been one of the most visible figures.

    • 21 Mar 2017
  • For funds shorting CMBS, retailers’ turnaround plans are key

    Hedge funds are shorting two synthetic indexes of post-crisis CMBS deals, with a third index being talked as the next target. Observers say that ailing retailers’ turnaround strategies are exactly what will play into the success of the trade.

    • 06 Mar 2017
  • FRNs capture issuers’ fancy as rate hike looms

    China Development Bank jumped on the floating rate note (FRN) bandwagon this week, bagging $3bn equivalent and adding its name to a list of issuers that recently sold bonds in the format. With demand rather than supply driving deals, and with interest rate hikes looming, the stage is nicely set for more FRN trades, writes Addison Gong.

    • 02 Mar 2017
  • With retail in trouble, Deutsche Bank says short CMBS

    Deutsche Bank is telling investors that it may be time to place bets against the CMBS market, as mounting problems in the retail sector threaten the health of some post-crisis bonds heavily exposed to lower quality retail properties.

    • 13 Feb 2017
  • Goldman Sachs extends funding line to UK specialist lender

    UK specialist lender, Together, which offers residential, commercial and personal loans, has agreed a £90m four year funding facility with Goldman Sachs Private Capital.

    • 07 Feb 2017
  • Freddie Mac broadens CRE risk transfer efforts

    Freddie Mac has sold a debut risk transfer securitization backed by multifamily loans, expanding its programme of transferring commercial mortgage risk to the private market.

    • 06 Feb 2017
  • Insurance companies shed CMBS, shift to direct lending

    Holdings of US CMBS at the largest life insurance companies have dropped in recent years, as firms shift their focus more to originating and holding commercial real estate (CRE) loans, according to research from JP Morgan.

    • 22 Dec 2016
  • Appeal Court blocks Credit Suisse fight to keep X note funds

    The Court of Appeal in the UK has declined to give Credit Suisse Asset Management leave to appeal a judgement regarding payments to the class 'X’ notes in several Titan deals, a European CMBS series originated by Credit Suisse before the crisis.

    • 21 Dec 2016
  • Final US CMBS deals of 2016 clear pipeline

    The final three US CMBS conduit transactions of 2016, including a risk retention compliant offering, were priced at the end of last week, closing out a busy fourth quarter for primary issuance.

    • 20 Dec 2016
  • ABS risk retention is probably a good idea

    For all the noise in the US and EU markets this year over risk retention and the harm that it causes issuers and market participants, many in the market admit privately to quite liking the idea.

    • 13 Dec 2016

CMBS news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%