Latest news
Latest news
Triple-As were priced at 170bp over Sofr, close to guidance
US market remains the model as template issuance takes shape
Deal is backed by three data centers in Virginia, Illinois and Atlanta
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European CMBS issuance is forecasted to reach €6.5bn this year — over double the €3.2bn in 2012 — but most outstanding loans are unlikely to be refinanced in the CMBS market, said Standard & Poor’s this week.
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New-issue European commercial mortgage-backed securities are forecast to reach EUR6.5 billion ($8.68 billion) for year-end—over double that of 2012’s total of EUR3.2 billion ($4.28 billion)—but Standard & Poor’s analysts warn the “vast majority” of outstanding loans in the region are unlikely to be refinanced via the CMBS market.
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German property company Gagfah is considering using a CMBS to refinance three multi-family housing portfolios from its NILEG subgroup ahead of the loans’ April 2014 maturity date.
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ING Bank Australia is lining up the second prime Aussie residential mortgage securitization from its IDOL program this year.
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Fannie Mae and Freddie Mac have launched the sale of a $155.2 million bidlist of multifamily-backed bonds from 2006-2008 vintages as part of a larger sales program mandated by the Federal Housing Finance Agency.
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Normandy Mortgage Loan Company has tapped Wells Fargo to sell a $172 million residential mortgage-backed securities deal backed by non-performing loans later this week.
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German property company Gagfah is considering using a commercial mortgage-backed securities deal to refinance three multi-family housing portfolios from its NILEG subgroup ahead of the loans’ April 2014 maturity date.
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Bondholders of Brazilian oil and gas producer OGX could face a distressed debt exchange or similar restructuring as the company’s liquidity pressures reach critical levels, said Standard & Poor’s.
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SNS Bank will redeem all of the outstanding notes in its Hermes XVI Dutch residential mortgage securitization on Oct. 18, the first optional redemption date.