Latest news
Latest news
Green securitizations have been prominent in CMBS this year
Rating cut as note pays more interest than planned
Inflation caused by war threatens budding recovery in commercial real estate
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Ashley Kibblewhite, London-based director and head of European structured finance syndication at Bank of America, will retire around mid-August.
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A key provision in the banking reform bill that would exclude the commercial mortgage-backed securities market from a 5% retention requirement for securitizations could be omitted from the final version of the legislation.
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Capita Asset Servicers has successfully restructured the troubled £535 million ($797.5 million) Tahiti Finance commercial mortgage securitization, securing 75% of noteholder support late last week.
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Mall Funding’s proposal for a rare note extension does not constitute a coerced debt exchange (CDE), according to Fitch. The £1.1bn UK retail CMBS restructuring, which involves a three year extension to 2017 in exchange for an increase in margin, is being put to a vote on July 15.
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The European Central Bank will go public with new haircut and risk assessment schedules for collateral – such as structured finance – it accepts for use in its liquidity framework, according to Jose Manuel Gonzalez-Paramo, executive board member of the central bank
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Meridian Capital has hired veteran commercial mortgage-backed securities executive Chad Johnson as part of a plan to bolster its commercial real estate loan origination platform nationally.
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European investors in securitizations should move toward a U.S. trading style environment and rely less on traditional buy-and-hold techniques to further liquidity in the market, participants on a trading panel at Global ABS in London said Tuesday.
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A restructuring plan proposed yesterday for the £1.44 billion ($2.09 billion) commercial mortgage securitization Mall Funding would extend the notes three years and inject £155 million.
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Markit, the international financial data firm, plans to extend its iBoxx index to include European asset-backed securities.