Latest news
Latest news
Two deals in two months as activity returns for the first time since the Iran war began
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
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International law firm Linklaters is moving into the Netherlands structured finance market, appointing Kees Westermann, partner at Clifford Chance, to its Amsterdam office.
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The European Central Bank’s plan to introduce loan level data reporting for primary issuance will not address the cause of Europe’s credit market collapse, according to a treasury official at a large U.K. bank.
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Deutsche Bank has hired Mark Landau to head commercial real estate banking for the Americas.
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The round of CMBS restructurings continued this week with a 3.5 year extension to the Cannon Bridge loan in Hercules (Eclipse 2006-4). The £155m loan forms 19.4% of the Hercules portfolio and is due to mature in July 2011. The London office property backing the loan was hit when Standard Bank, which provided 25.3% of the rent roll, vacated its lease.
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Advisors Asset Management is setting up an institutional platform in its broker-dealer focused on mortgages and structured credit, municipal bonds and corporate bonds.
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The demands facing banks investing in structured finance products under the European Commission’s revised Capital Requirements Directive remain unclear, according to Rachel Kelly, partner at Clifford Chance.
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Carlos Mendez, global head of capital markets, and Robert Roberto, head of U.S. sales and trading, have left ICP Capital.
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European bank’s injecting liquidity into their distressed sponsored deals via liquidity facilities could be forced to hold the same amount of highly liquid assets on balance sheets.
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Toxic paper housed in Europe’s bad banks will find an investor base, according to speakers at a recent structured credit conference in London.