Latest news
Latest news
Blackstone is targeting a quicker than usual three day execution
Triple-As were priced at 170bp over Sofr, close to guidance
US market remains the model as template issuance takes shape
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Wells Fargo and RBS priced the benchmark, AAA-rated tranche of their $1.3 billion conduit deal at swaps plus 120 basis points – 40 basis points tighter than the wides seen last month.
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The special servicer in the Deco 6–UK Large Loan 2 CMBS has accelerated the underlying loan to Mapeley, bringing in a new asset manager and property receivers. Even so, at current property valuations, ‘A’ noteholders still face principal losses of 24%.
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LNR Partners—the largest commercial mortgage-backed securities special servicer—is in the market exploring a sale or recapitalization as its investors look to monetize their investment in the Miami Beach-based company, according to sister publication Real Estate Finance Intelligence.
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Clydesdale Bank priced its Lanark Master Issuer 2012-2 U.K. residential mortgage-backed trade Friday afternoon.
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The Co-Operative Bank is eyeing a return to the residential mortgage securitization market with Silk Road Finance Three, following a year-long absence.
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Moscow-based lender Bank Uralsib has priced its first securitization, a RUB 5.375 billion ($168 million) Russian residential mortgage-backed trade.
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Two loans representing 52% of the value of Talisman 6, a CMBS backed by German retail assets, have moved into default after failing to qualify for extensions.
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Longhurst Group, the UK housing association, sold its debut bond on Thursday to an enthusiastic reception, enjoying the present bullish market conditions for well rated corporate bonds.
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Europe’s residential mortgage-backed market continues to see a “very good bid” for shorter-dated bonds in both primary and secondary markets, particularly at the prime AAA end of the capital structure, market officials say.