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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Pricing on the benchmark 10-year, AAA-rated, 30% subordination super senior bond of the UBS and Barclays Capital UBSCM 2012-C1deal came in at swaps plus 120 basis points—five basis points wider than initial guidance.
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Industry pros in London say expensive basis swap costs could be a concern down the line for certain U.K. asset-backed securities and residential mortgage-backed securities issuers looking to offer paper in euros.
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The market in Europe for commercial real estate finance has always been markedly different than that of the U.S.
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A $111 million residential mortgage-backed securitization from Vericrest Financial, Vericrest Opportunity Loan Trust 2012-NPL1, priced Friday off of strong investor interest, according to an official with knowledge of the deal.
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Store closures by retailers could put pressure on loans on commercial mortgage-backed securities, according to Fitch Ratings.
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Goldman Sachs is said to be preparing issue a $1.4 billion in commercial mortgage-backed securities linked to a loan the bank made to the Ala Moana Center mall in Honolulu.
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More U.K. social housing securitizations could be in the offing as housing providers are tipped to move away from traditional bank funding and head toward the debt capital markets, according to London-based whole business securitization analysts.
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U.K. lender West Bromwich Building Society resurfaced with its Kenrick No. 1 residential mortgage-backed securitization late on Friday afternoon, having previously shelved the deal in July due to growing market volatility in Europe.
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Issuance of commercial mortgage-backed securities for 2012 is now expected to be higher than earlier projected.