Latest CMBS news

  • KKR Reit sheds 90% of CMBS ‘B’ piece portfolio

    KKR Real Estate Finance Trust announced on Wednesday that it had sold almost 90% of its portfolio of CMBS ‘B’ piece investments, with a dedicated ‘B’ piece fund now doing the bulk of the firm’s buying in that area.

    • 19 Apr 2018
  • BAML hoping to tap healthy euro CMBS demand for latest deal

    Bank of America Merrill Lynch announced the latest European CMBS on Thursday, a €300m offering backed by three loans secured on Italian commercial properties.

    • 19 Apr 2018
  • SC Lowy spies gains from Credito di Romagna takeover

    Boutique investment bank SC Lowy signalled the potential it sees in the Italian banking sector through its acquisition of Credito di Romagna this week. Michel Löwy, CEO of the firm, also views it as a way to expand the firm’s European leveraged finance operations.

    • 19 Apr 2018
  • CMBS spreads braced by supply slowdown

    The first CMBS deal in the new quarter was priced last Friday, with the senior bonds coming 5bp tighter than the previous offering in the market. With deal supply slowing after a surge in March, the worst of a recent patch of spread widening should be over, said Bank of America Merrill Lynch analysts.

    • 16 Apr 2018
  • Investor interest surges for latest Blackstone-sponsored European CMBS

    The latest Blackstone-sponsored CMBS transaction, FROSN-2018 DAC, drew strong demand from investors across the capital stack, reflecting scarcity value and attractive pricing compared with other European ABS sectors.

    • 16 Apr 2018
  • VW readies first Italian ABS, while Finnish CMBS nears pricing

    Volkswagen Bank has set guidance for its first auto securitization backed by Italian loans, while initial price thoughts for Finnish CMBS FROSN 2018 DAC have been released.

    • 11 Apr 2018
  • Semper to tap European buyers with new US mortgage fund

    New York based fixed income manager Semper Capital Management has launched a new Irish-domiciled £35m mutual fund to allow UK and European investors to invest in the firm’s US mortgage backed securities strategy for the first time.

    • 10 Apr 2018
  • Sluggish volumes but steady spreads in conduit CMBS

    After digesting a "wall of maturities" last year, a shortage of collateral is weighing on conduit CMBS volumes. Just one deal has been priced in the last two weeks, although single asset deals and CRE CLOs are running at triple and double last year’s pace.

    • 09 Apr 2018
  • Fannie edges forward in conquest of green bond market

    Fannie Mae, the world’s biggest green bond issuer, is negotiating with the administrators of the MSCI Bloomberg Barclays Green Bond Index to get more of its green housing loan securitizations included in the benchmark.

    • 05 Apr 2018
  • US CMBS underwriting deteriorated in Q1, says S&P

    After improving last year, credit metrics in the US CMBS market have worsened in the first quarter of 2018, according to S&P Global Ratings, with new deals showing higher leverage, more interest only loans and lower debt service coverage than last year.

    • 03 Apr 2018

CMBS news archive

Capital markets data from GlobalCapital

Go to GlobalCapital's Securitization data pages for our dealflow database, plus details of priced European and US CLOs and structured finance bookrunner league tables.

Latest securitization people & markets news

more people & markets

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,296 9 13.65
2 BNP Paribas 3,026 10 9.61
3 Bank of America Merrill Lynch (BAML) 2,411 8 7.66
4 Lloyds Bank 2,213 9 7.03
5 Credit Agricole 2,025 6 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 33,837.03 97 11.20%
2 Bank of America Merrill Lynch 30,258.56 84 10.02%
3 Wells Fargo Securities 26,396.68 73 8.74%
4 JPMorgan 22,919.96 68 7.59%
5 Credit Suisse 19,628.51 45 6.50%