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CMBS

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  • Obvion priced its STORM 2012-IV Dutch residential mortgage securitization on Thursday afternoon, increasing the size of the bonds following strong demand from an investor pool starved of recent euro-denominated issuance and new Dutch paper in particular.
  • Bayview Mortgage Capital is tapping the private-label residential mortgage securitization market this week with its Bayview Opportunity Master Fund IIa Trust 2012-4NPL, securitizing $112 million of non-performing residential loans.
  • Deutsche Bank is set to avoid putting its own regulatory capital to work by using an agency style structure when it launches a new German multi-family CMBS.
  • The long-awaited EUR700 million ($883.4 million) securitization of a pool of German multifamily housing owned by the Vitus Group is said to be launching this month—only the second European CMBS to emerge this year.
  • Almost EUR60 billion ($75.7 million) worth of bonds from the German Residential Asset Note Distributor (GRAND) commercial mortgage-backed securitization formed part of a bid list due to hit market screens Friday, as a proposed restructuring continues to buoy prices in the jumbo CMBS.
  • Obvion’s STORM 2012-IV Dutch residential mortgage securitization is set to launch and price Thursday, with initial guidance confirming strong demand from an investor pool starved of recent euro-denominated issuance and new Dutch paper in particular.
  • A bids-wanted-in-competition list comprising U.K. commercial mortgage-backed paper and some rarer German small-to-medium enterprise collateralized debt obligations saw four of its five bonds trade late on Tuesday.
  • Deutsche Bank is set to avoid putting its own regulatory capital to work by using an agency-style structure when it launches a new German multi-family CMBS. The preliminary prospectus for the Deutsche-arranged deal could hit the market by the end of this week.
  • UBS and Barclays are preparing a roughly $1 billion conduit deal as investors brace themselves for a wave of new commercial mortgage-backed securities offerings.