Clifden ups its offer for Fairhold CMBS bonds, as rival group strengthens hand

Clifden ups its offer for Fairhold CMBS bonds, as rival group strengthens hand

Asad Ali

May 03, 2018 07:15 PM

UK social housing flats from PA 230x150 — General view of the Wornington Green Estate in North Kensington, London. The estate is in the Golborne Ward, which ranks as the most deprived ward in the capital. The borough of Kensington and Chelsea is one of the most polarised in Great Britain, with some of the most expensive real estate in the UK just a short walk from several of the most deprived wards in the country - including the area around the Grenfell Tower. Picture date: Tuesday July 11th, 2017. Photo credit should read: Matt Crossick/ EMPICS Entertainment. | Matt Crossick/Empics Entertainment

Clifden IOM No.1, an opportunistic fund seeking to pile into pre-crisis and distressed CMBS Fairhold Securitization, announced Thursday that it intends to mop up £104m of class ‘A’ bonds with a revised offer of 54.5.

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Topics

Securitization UK Europe CMBS EMEA

AA

Asad Ali