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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Rialto Capital Management is marketing the first non-performing commercial mortgage-backed securities deal in more than 10 years, Rialto Capital Series 2012-LT1.
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Private equity investors Texas Pacific Group (TPG) and Patron Capital have offered bondholders in Opera Finance (Uni-Invest) CMBS an enforcement option that prioritises a hefty upfront payment for class ‘A’ investors. Whether successful or not, the bid may cajole other private equity companies to look for profitable opportunities in ailing CMBS portfolios.
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Two rival proposals to restructure Eurohypo’s troubled Opera Finance (Uni-Invest) commercial mortgage securitization will be voted on by noteholders next month.
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New issuance volume in the European securitization market is set to total about EUR50 billion ($66.3 billion) for the first quarter, market officials told SI this week.
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Freddie Mac has priced its $1.2 billion FREMF 2012-K501 Mortgage Trust, its first K-issuance of structured pass-through certificates backed solely by five-year mortgages.
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The whole loan residential mortgage market stands to benefit from a potential transfer of liquidity from the securitization sector, where “absurdly high” Solvency II capital charges could push insurance investors away from residential mortgage-backed securities, according to London-based analysts.
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Activity is tapering off across Europe’s securitization mart this week as the end of the quarter approaches, ratcheting down the flurry of new issues that emerged this month along with the steady flow of Bids-Wanted-In-Competition in recent weeks.
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Demand for floating-rate covered bonds is growing in Europe, with investors said to be considering the asset class as an alternative to U.K. and Dutch residential mortgage-backed securities.
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The continued growth of online commerce could result in prolonged retail vacancies over the next decade, which could have a negative impact on commercial mortgage-backed guarantees, according to Standard & Poor’s.