Latest news
Latest news
Rating cut as note pays more interest than planned
Inflation caused by war threatens budding recovery in commercial real estate
The rise of the European master trust and the CLO market nears shut down
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The Taurus (Pan-Europe) 2006-3 commercial mortgage securitization has seen its class A, C and D notes downgraded by Fitch Ratings, as the fortunes of the remaining loans securitized in the deal continue to slide.
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Expectations that the Federal Reserve will announce a third round of bond-buying this week have contributed to a rally in agency mortgage-backed securities, setting up a disruptive outcome if the Federal Open Market Committee decides Thursday meeting not to go through with QE3, Brian Lancaster, head of securitization strategy at the Royal Bank of Scotland, told SI.
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Investec is expected to go live with its Residential Mortgage Securities 26 PLC U.K. non-conforming RMBS “imminently,” according to securitization market chatter.
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Citigroup and Goldman Sachs priced their $1.04 billion commercial mortgage-backed securities deal last night, just two business days after publishing price guidance.
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A bids-wanted-in-competition list comprising a diverse mix of European commercial mortgage-backed securities is due out Wednesday, as London-based ABS officials report a spike in trading of Greek residential mortgage-backed securities in recent days.
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A roughly $1.04 billion conduit deal from Citigroup and Goldman Sachs is drawing price talk of swaps plus 100 for its 10-year, super senior bonds – the tightest so far this year.
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ABN Amro’s Talisman Finance 4 commercial mortgage-backed securitization has been downgraded by Standard & Poor’s after heavy losses were forecast following the sale of two office properties underpinning the securitization.
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A weekly roundup of securitization sectors with year-to-date totals in ABS, CMBS, RMBS and CLOs in the U.S. and Europe. -
Almost EUR60 billion ($75.7 million) worth of bonds from the German Residential Asset Note Distributor (GRAND) commercial mortgage-backed securitization form part of a bid list which landed on market screens Friday, as a proposed restructuring continues to buoy prices in the jumbo CMBS.
