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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The U.S. Government Accountability Office has cast doubt on the Federal Deposit InsuranceCorp.’s ability to carry out the unwinding of systemically importantfinancial institutions under the Dodd-Frank Act’s Orderly LiquidationAuthority.
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JPMorgan, Barclays and Bank of America Merrill Lynch continue to dominate the top three bookrunning slots, respectively, in global asset-backed securities this year, according league tables provided to SI by Dealogic.
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The securitization market continued to gain speed in the second quarter of 2012, surpassing the first quarter as the strongest overall for the market since the financial crisis. -
Secondary trading volumes in Europe rounded out the week light.
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Portfolio incomes in Barclays’ Gemini Eclipse 2006-3 are continuing to fall, sparking downgrades of the deal’s A, B and C tranches, with the deal now relying on its liquidity facility to cover investor interest payments on the notes.
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One of Europe’s largest ever securitisations, the €4.46bn outstanding German multi-family GRAND CMBS, is a step closer to being restructured after the six largest noteholders agreed on a plan.
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Leverage on conduit loans to be securitized in the third quarter will likely be higher than it was in the second quarter, leading to more credit enhancement needed to achieve similar ratings, according to Moody’s Investors Service.
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The Commercial Real Estate Finance Council Europe will launch market principles for European CMBS 2.0 later this month, with the aim of boosting flagging new issuance volumes in the region’s commercial mortgage securitization market.
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After a rally on the day restructuring plans for GRAND, Europe’s largest commercial securitisation, were announced, analysts who have looked through the documents have also reacted positively to the strategy.
