Latest news
Latest news
TwentyFour priced its Dutch prime RMBS refi, Blackstone its sterling logistics CMBS
Blackstone is aiming to execute its CMBS before the market shuts for Global ABS
Second large office CMBS in quick succession after The Soloviev Group sold a $1.7bn New York office CMBS last week
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Bookrunners on Blackstone’s $479.14 million securitization of rental homes are looking to price the transaction sometime this week, according to an announcement viewed by SI.
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ING and the Dutch government have agreed to unwind a facility put together in 2009 to protect the bank from risks in its then-EUR24 billion ($32.4 billion) portfolio of U.S. Alt-A mortgage-backed securities.
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The structures of future Dutch residential mortgage-backed securities are likely to evolve in response to the Dutch government’s overhaul of its Nationale Hypotheek Garantie scheme.
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Mystate priced its ConQuest 2013-1 Australian residential mortgage-backed deal on Friday—the first securitization in three years from the Tasmania-based lender.
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About 300 market pros packed into a conference room in the Waldorf Astoria Hotel in New York Wednesday afternoon for a Deutsche Bank-hosted roadshow of the first-ever securitization of single-family rental homes, highlighting pent-up investor desire for credit exposure to the private housing market, industry pros told SI. As eager as the market seems, there are questions about the credit quality of the asset class and the safety of the deal’s structure.
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London-based Mint Partners is looking to put together a novel CLO-type transaction backed by loans made to UK property developers for prime residential developments in London.
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Prices on the junior mezzanine tranches off the inaugural risk sharing deals from Freddie Mac and Fannie Mae have soared in recent weeks, suggesting big demand for Freddie’s sophomore trade, STACR 2013-DN1, which is scheduled to launch next week.
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Ginnie Mae bonds are trading incrementally higher than Fannie Mae securities, and they may continue to do so until banks fill a projected $200 billion shortfall in highly liquid assets.
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The search for precedents to help manage expectations of OGX’s bankruptcy has been about as successful as the Brazilian oil and gas company’s search for productive oil fields, according to EM bond investors.