Latest CMBS news

  • Lecta bonds wilt as it struggles to secure French government support

    A Barcelona-headquartered paper company wants to focus on higher-margin specialist papers but it is floundering to find the money needed for a turn-around after the European Union delivered a blow that sent its bonds sliding.

    • 13 Aug 2019
  • Latest CMBS deals touch widest levels of 2019

    Issuers launched two conduit CMBS transactions on Friday at the widest spreads seen so far in 2019, battered by the week’s macroeconomic volatility and headlines around interest rates and trade wars.

    • 09 Aug 2019
  • Issuers tee up nearly $5bn of CMBS to see out summer pipeline

    CMBS issuers are set to open up the primary market in August this week with four conduit transactions and a single borrower deal totaling just over $5bn, in what is likely to be a last burst of CMBS issuance for the summer.

    • 05 Aug 2019
  • Man GLG hires two in HY credit

    Man GLG, the investment management business of Man Group has hired Patrick Kenney and Santiago Pardo, both of whom will focus on non-US stressed, distressed and opportunistic credit globally.

    • 19 Jul 2019
  • CDS committee asked to rule on Galapagos default

    The EMEA CDS determinations committee will rule on whether German heat exchanger manufacturer Galapagos defaulted on its bonds by missing coupons on June 15. The committee will meet on Friday to decide whether a “failure to pay” event has occurred.

    • 18 Jul 2019
  • Debt purchaser preps securitization to fight RWA hike

    Hoist Finance, a Sweden-based debt restructuring firm, has been marketing its debut securitization — an essential move in the firm’s attempt to recover from a regulatory broadside which landed last year.

    • 17 Jul 2019
  • Morningstar, DBRS name heads of combined mortgage rating units

    Morningstar Credit Ratings and DBRS have announced the appointment of the heads of their combined RMBS and CMBS groups following Morningstar’s acquisition of its Canadian rival in May.

    • 16 Jul 2019
  • Westfield Stratford City to refinance 2014 CMBS

    A loan on the Westfield Stratford shopping centre in East London, last securitized in a 2014 CMBS, is being refinanced, with BNP Paribas and HSBC announced as arrangers for a new £750m ($940m) dual tranche offering.

    • 10 Jul 2019
  • Greencoat Investment loses latest court battle in CMBS dispute

    Greencoat Investment, a vehicle associated with Rizwan Hussain's attempts to take control of a pre-crisis CMBS, was dealt a blow this week when a court rejected its application to put the deal into administration. The move, for now, puts paid to efforts to persuade bondholders to tender their holdings.

    • 09 Jul 2019
  • Citi lines up self-storage CMBS deal

    Citi is preparing to issue CGCMT 2019-PRM, a $278m single borrower CMBS deal backed by a portfolio of self-storage properties.

    • 08 Jul 2019

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.

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,997 17 15.40
2 Citi 4,679 16 12.02
3 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 70,707.91 236 10.46%
2 JPMorgan 64,579.62 197 9.55%
3 Bank of America Merrill Lynch 51,474.08 169 7.61%
4 Wells Fargo Securities 51,322.59 157 7.59%
5 Credit Suisse 47,737.24 151 7.06%