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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Spreads tightened sharply in the new-issue market for commercial mortgage-backed securities on Thursday, with the benchmark triple-A bonds from a new conduit hitting 100 basis points over swaps—15bps tighter than the most recent deal.
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The investor-led arranging of Debussy DTC CMBS, a securitization backed by a Toys R US portfolio of 31 UK warehouses and stores, is a model that increasingly proactive bondholders are using to gain exposure to commercial real estate debt under bespoke terms, according to Graham Penn, partner at Sidley Austin.
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Morgan Stanley Investment Management is hoping to convince more European investors to participate in its new Global Mortgage Securities Fund, a Luxembourg-registered fund that primarily invests in U.S. non-agency Alt-A residential mortgage-backed securities.
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Portuguese bank Caixa Económica Montepio Geral bought back EUR63.5 million ($84.23 million) of Pelican and Sagres residential mortgage-back securities in its latest tender offer.
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Wells Fargo priced a $200 million floating-rate commercial mortgage-backed securities deal for Starwood Property Group and Fortress Investment Group backed by a loan on 123 Red Roof Inn properties.
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The city of Richmond, Calif. has taken the first step toward acquiring mortgage loans out of private-label residential mortgage-backed securities with or without the consent of investors in those securities. -
Italian mortgage prepayment rates hit an all-time low at the end of 2012, Fitch Ratings said this week.
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London-based TwentyFour Asset Management has hired Douglas Charleston as a portfolio manager, with a focus on European residential mortgage-backed securities.
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Issuers are making a big midsummer push in the primary commercial mortgage-backed securities conduit space, with $4.1 billion in new issue paper set to hit the market in the coming week.
