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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Bonds tied to Dutch and U.K. residential mortgage loans have consistently provided better performing—and more stable—spreads than debt backed by the credit of European banks and sovereign states, according to London-based researchers.
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Pricing on two conduit-style commercial mortgage-backed securities deals has hit the widest levels since the start of the year.
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Dutch lender Obvion N.V. is preparing a third issue of residential mortgage-backed securities from its STORM shelf this year, with Rabobank and Société Générale mandated as joint lead managers.
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Performance of loans in commercial mortgage-backed securities in Europe, the Middle East and Africa continued to deteriorate throughout the first quarter, according to Fitch Ratings.
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Moody’s has downgraded the long-term debt and deposit ratings by one to three notches on 16 Spanish banks plus the U.K. subsidiary of Banco Santander.
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U.K. taxpayers could face a loss of £2 billion ($3.16 billion) from a wind down of Northern Rock, according to estimates by the U.K.’s National Audit Office.
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Stuart Gulliver, ceo of HSBC, said the bank may consider selling its U.K. branches if the costs of ringfencing regulations make it impossible for it to meets its profit targets.
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Italian banking group Associazione Bancaria Italiana has been working with Consob, the country’s market regulator, to make it easier for banks to raise funds from retail investors by simplifying the bond-issuance process.
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Russia’s DeltaCredit Bank is preparing to offer a RUR5 billion ($160.05 million) five-year Series 09-IP mortgage-backed securities issue.