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Blackstone priced one deal privately, one publicly
Heavy subscription helps bring in guidance by 10-15bp
Flagship large corporate programme Resonance returns
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Under the current proposal, healthy risk mitigating strategies such as banks' credit transfer programs and interest rate hedging could be prohibited
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Staff are particularly interested in language that would narrow the broad 'catchall' provision, according to Mayer Brown
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◆ Another blow for London listings ◆ Cold property: US offices worry CMBS ◆ AT1 market revival ◆ SLLs vanishing
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Tighter credit, declining property values and elevated interest rates will continue to squeeze issuers this year
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Related CMBS deal has already suffered multiple downgrades due to declining cash flow and occupancy
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The deal attracted more than 20 investors, but some accounts were not keen on longer seasoning of the collateral
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Some loans from regional banks with strong cashflows might make their way into short-term conduit CMBS
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The best banks, issuers, deals, investors and service providers of 2022 were awarded at a gala industry dinner in New York
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The deal is backed by loans on Miracle Mile Shops, one of the largest malls in Las Vegas