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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VTB24, Russia’s second-largest retail bank, has sold RUR5 billion ($158.9 million) in mortgage-backed securities.
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JPMorgan is shopping the 144a private, subordinate bonds from its $1 billion commercial mortgage-backed securitization JPMCC 2011-C5.
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The expected news of U.S. Federal Reserve’s so-called Operation Twist has strategists at the Royal Bank of Scotland urging clients to buy longer-dated agency pass-throughs and collateralized mortgage obligations, a move Jeana Curro’s team said could be smart even if the Fed’s third round of economic stimulus fails to materialize.
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Redwood Trust is said to have raised the interest rate on the senior class of its $375 million residential mortgage-backed securities deal from 3.6% to 3.9%.
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Senior bondholders in the legacy Stichting Holland Homes Oranje I and II Dutch residential mortgage-backed securitization are said to have green-lighted plans to restructure the transactions in order to stave off a ratings downgrade.
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Secondary trading of asset-backed securities began the week lightly, with only Northern Rock’s residential mortgage-backed securities vehicle Granite showing any notable activity.
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Barclays Capital has teamed up with Fundcore Finance Group to establish a commercial mortgage-backed securities origination and securitization program.
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Goldman Sachs and Citigroup are bringing back an upsized version of the commercial mortgage-backed security they decided to pull in July after Standard & Poor’s refused to rate it.
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Some lower-rated commercial mortgage-backed securities are being held by issuers unable to place them with skittish investors.