Latest news
Latest news
Deal backed by renovated center in Kansas City would be widest so far at that level
Last week EQT priced $985m of industrial paper to fund an acquisition
UK bank is selling a $548.27m issue
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Commercial mortgage-backed White Tower 2006-3 has paid down noteholders using the deal’s special liquidity facility instead of rent money collected from the senior loan.
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Greg Branch, managing partner with Scio Capital, plans to invest in European asset-backed securities, collateralized debt obligations and credit default swaps when his new fund starts trading soon.
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A number of securitization market participants are lobbying bank regulators to consider a phase-in period for risk-based capital requirements that are set to go into effect on January 1, the same time that the Financial Accounting Standards Board will implement FAS 166 and FAS 167.
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Structured finance software specialists Principia Partners is aiming to tackle the administrative requirements thrown up by the latest Basel recommendations with a new patch for its existing software.
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The New York Federal Reserve has received more than $2.1 billion of loan requests to purchase legacy commercial mortgage-backed securities in October’s subscription period for the Term Asset-Backed Lending Facility.
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The London-based International Accounting Standards Board said yesterday it will not be widening its scope to incorporate other financial assets, mortgage-backed securities or loans into its fair value rule.
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A number of commercial real estate investors and industry trade groups are lobbying the New York Federal Reserve to broaden the parameters of the Term Asset-Backed Securities Loan Facility to include mezzanine and junior AAA-rated commercial mortgage-backed securities.
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The AAA notes of the £490 million ($801 million) Epic (Industrious) securitization of U.K. commercial properties will lose about 25% of their value as a result of a sale of the underlying properties, the first time formerly AAA-rated European CMBS will suffer losses.
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Bids wanted in competition for European securitized products have come back in force, with more than 30 totalling £1 billion ($1.63 billion) last week and another 15 totalling £500 million ($815 million) this week.