Latest CMBS news

  • Online shopping fuels demand for industrial exposure in conduit CMBS

    With CMBS investors shunning exposure to weak retail properties, industrial warehouse assets benefitting from the rise of online shopping are an attractive alternative for conduit lenders. Tough competition however makes sourcing assets a challenge.

    • 20 Apr 2017
  • Morningstar hires new CMBS ratings chief

    Morningstar Credit Ratings has hired Charles Citro as head of its CMBS ratings business.

    • 19 Apr 2017
  • S&P signals concerns on office property refinancing risk

    Most focus in US commercial real estate has been on the ailing retail sector, but S&P Global Ratings analysts said this week that the office sector was worth a closer look, as the largest quarter in the CMBS maturity wall gets under way this month.

    • 12 Apr 2017
  • Latest CMBS prices, as US buyers skew away from retail exposures

    Bank of America Merrill Lynch, Wells Fargo and Morgan Stanley priced a $1bn CMBS conduit deal at the end of last week, as investors steer towards bank-originated assets and away from seasoned deals with higher levels of retail exposure.

    • 10 Apr 2017
  • Blackstone structures rare UK CMBS deal

    US private equity firm Blackstone closed a UK CMBS deal last week, backed by a loan secured on a London office property that was previously securitized in a Morgan Stanley CMBS deal which was repaid in 2012.

    • 10 Apr 2017
  • 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

CMBS news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,778 8 22.97
2 Citi 5,854 5 19.84
3 Goldman Sachs 4,763 3 16.14
4 Societe Generale 1,506 3 5.10
5 Rabobank 1,413 2 4.79

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 38,486.16 95 14.84%
2 Bank of America Merrill Lynch 35,181.47 86 13.56%
3 Wells Fargo Securities 24,415.38 74 9.41%
4 JPMorgan 17,158.72 50 6.62%
5 Goldman Sachs 13,413.44 31 5.17%