CMBS

  • BofA MENA head transfers to NY FIG team

    BofA MENA head transfers to NY FIG team

    Bank of America's former Dubai-based head of Middle East and North Africa debt capital markets has relocated to New York, where he will be covering DCM for US financial institution clients.

  • Euro ABS pipeline trickles as exhausted market eyes breather

    Euro ABS pipeline trickles as exhausted market eyes breather

    After one of the busiest quarters for ABS since the financial crisis, many market participants are eyeing a short break in August in anticipation of a slower market. The combination of working-from-home culture, lack of travel opportunities and physical meetings has prevented many in the market from taking a break.

  • Here comes the story of the Hurricane Energy restructuring plan

    Here comes the story of the Hurricane Energy restructuring plan

    Hurricane Energy’s restructuring plan has been thrown out by the High Court, in a victory for shareholders led by activist fund Crystal Amber, which are now poised to replace the board of the troubled oil drilling firm. The judgement underlines the care with which companies must exercise when seeking to use the new ‘cross-class cramdown’ features of the UK’s restructuring law.

  • Ghana secures financing in untapped social loan market

    Ghana secures financing in untapped social loan market

    Sub-Saharan Africa's Ghana has secured a €280m social loan from commercial lenders and credit agencies. The loan, the kind of which has not been seen in Africa, will support the development of the country's transport infrastructure.

  • ABS issuers advised not to use securitization repository loophole

    ABS issuers advised not to use securitization repository loophole

    ABS lawyers are asking issuers to resist taking advantage of a legal loophole left via a regulatory quirk, where a number of CLO and CMBS deals are technically exempt from switching data over to the securitization repositories approved by the European Securities and Markets Authority (ESMA) on Friday.

  • Retail’s return: Brookfield offers big box CMBS

    Retail’s return: Brookfield offers big box CMBS

    After the worst year ever for UK retail, plunging valuations and landlord implosions, Brookfield is testing the capital markets’ appetite for a bet on the sector’s recovery, launching a CMBS deal backed by nine UK retail parks. The launch came on the same day that the UK government announced that landlords would be banned from evicting non-paying tenants for a further nine months. Owen Sanderson reports.

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