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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Vintage is a key differentiating factor in determining the performance of maturing loans in European commercial mortgage-backed securities, according to Fitch Ratings.
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Credit enhancement on the top classes of an upcoming $741.9 million prime residential mortgage-backed securitization from Credit Suisse First Boston Mortgage Securities Corp. is “insufficient” to warrant AAA ratings from Fitch Ratings, the agency announced today.
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An unusual issuance from Prudential Financial this week had some market players scratching their heads, pondering the deal’s unusual structure and wondering why the insurance company’s financing arm took that route.
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Investec Bank relaunched and priced its Gemgarto residential mortgage-backed securities deal on Friday.
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Demand for floating-rate covered bonds is growing in Europe, as investors look to the asset class for an alternative to the U.K. and Dutch residential mortgage-backed securities that have dominated new issuance since the restart of the RMBS market.
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Rialto Capital Management is marketing the first non-performing commercial mortgage-backed securities deal in more than 10 years, Rialto Capital Series 2012-LT1.
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Private equity investors Texas Pacific Group (TPG) and Patron Capital have offered bondholders in Opera Finance (Uni-Invest) CMBS an enforcement option that prioritises a hefty upfront payment for class ‘A’ investors. Whether successful or not, the bid may cajole other private equity companies to look for profitable opportunities in ailing CMBS portfolios.
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Two rival proposals to restructure Eurohypo’s troubled Opera Finance (Uni-Invest) commercial mortgage securitization will be voted on by noteholders next month.
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New issuance volume in the European securitization market is set to total about EUR50 billion ($66.3 billion) for the first quarter, market officials told SI this week.