CMBS/RMBS

  • Goldman preps CMBS to finance Thai conglomerate’s UK hotel buy

    Goldman preps CMBS to finance Thai conglomerate’s UK hotel buy

    Goldman Sachs has announced a deal called Magenta CMBS to finance Thai conglomerate DTGO Corporation’s purchase of 17 regional hotels across the UK from Marathon Asset Management. The deal is the first CMBS linked to Sonia, with the commercial real estate market proving slower than consumer assets classes to switch from Libor.

  • Sinagpore’s ARA strikes deal to boost Venn Partners’ firepower

    Sinagpore’s ARA strikes deal to boost Venn Partners’ firepower

    ARA Asset Management, a Singapore-based asset manager focused on Reits, has bought a majority stake in Venn Partners, a secured asset specialist investing in UK and Netherlands assets, in a deal which will boost the firm’s firepower in the mortgage and CRE debt markets.

  • Chinese ABS market set to expand after 2019 surge

    Chinese ABS market set to expand after 2019 surge

    Volumes in China’s securitization market surged this year, with expectations high that the traditional auto ABS and residential mortgage-backed securities (RMBS) markets will continue strongly in 2020. But cracks are starting to appear in some of the other faster-growing asset types, writes Rebecca Feng.

  • CCB’s latest RMBS welcomes record-high international bid

    CCB’s latest RMBS welcomes record-high international bid

    China Construction Bank, the largest originator of Chinese RMBS, wrapped up a Rmb11.52bn ($1.64bn) four tranche deal on Wednesday. It was just the latest of a regular series of mortgage-backed deals from the bank — but this time, it doubled-down on marketing to foreign investors.

  • CCB gets S&P on board for latest China RMBS offering

    CCB gets S&P on board for latest China RMBS offering

    China Construction Bank, the largest originator in the Chinese RMBS market, is planning to launch a Rmb11.52bn internationally rated four tranche deal next Wednesday. It will include ratings from S&P Global Ratings and, for the first time, its local subsidiary.

  • CCB RMBS sails through amid soaring trade tension

    CCB RMBS sails through amid soaring trade tension

    China Construction Bank had no trouble selling a Rmb9.87bn ($1.4bn) residential mortgage backed securities deal on Tuesday amid rising trade concerns, thanks to support from its underwriter group.

  • CCB eyes return to RMBS with multi-tranche deal

    CCB eyes return to RMBS with multi-tranche deal

    China Construction Bank (CCB), the largest originator of residential mortgage backed securities in China, is returning to the market with a Rmb9.87bn ($1.43bn) four tranche deal on August 6. All three senior tranches are rated triple-A by S&P Global Ratings.

  • Värde’s Carstairs goes upstairs as CEO

    Värde’s Carstairs goes upstairs as CEO

    Ilfryn Carstairs, global chief investment officer at alternative investor Värde Partners, will become co-CEO from next year, while keeping his co-CIO title.

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