Latest news
Latest news
Investors say data centre deals are pricing wider than other types of CMBS
Eight new managers have printed deals in 2026 with another, Oaktree, set to launch its inaugural deal.
Private credit managers have raised $16bn in north America this year while fund managers are sitting on a record $56bn globally of dry powder to deploy in commecial real estate
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Punch’s securitisations have been on a roll this week, with cash prices on the M1 notes in Punch A trading up from 77 to 82.5 and yields on the senior notes coming in from the 9.5% area to 8%. This comes after a string of negative headlines last year suggesting that Punch might abandon Punch A and B, which are securitisations of cashflows from Punch’s tenanted pubs.
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U.K. credit card securitizations are being earmarked as a major contributor to Euro issuance volumes this year following Barclays Capital’s successful placement of one of the biggest U.K. card deals ever rolled out.
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Europe’s commercial mortgage-backed securities market is expected to see a further dip in issuance volumes this year following the lowly 2010 levels. But clearer, simpler CMBS structures could re-emerge as a positive for the sector, according to Barclays Capital analysts in London.
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Banks are likely to return to the consumer asset-backed securities market in 2011 as consumer confidence returns and lending institutions look beyond retail deposits to fund their lending books, according to members of the 2011 Market Overview panel at the ASF2011 conference in Orlando, Fla.
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Tom Deutsch, executive director of the American Securitization Forum, has served as the industry's point man as it grapples with a myriad of new rulemaking initiatives under the landmark Dodd-Frank Wall Street Reform And Consumer Protection Act.
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Ambra Paterno-Castello, a commercial mortgage-backed securities trading head at Deutsche Bank in London, has switched roles within the firm to a standalone desk.
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Tesco, the UK supermarket firm, made its fourth visit to the structured finance market this week, achieving its tightest pricing relative to its senior unsecured levels yet after a blowout success that boasted 123 orders in a book three times oversubscribed.
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German property company GSW Immobilien said this week that it obtained Eu875m to refinance the GSW whole loan which was securitised in Fleet Street One and Windermere IX. The deal points to improved financing conditions in the real estate market, which could see other CMBS successfully refinanced.
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GSW Immobilien, the borrower on a €935 million ($1.2 billion) loan securitized in both the Fleet Street Finance 3 and the Windermere IX German commercial mortgage-backed deals, has bagged an eight-year, €875 million ($1.19 billion) syndicated loan to refinance the debt.