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  • Martin Egan, London-based global head of primary markets and securitization at BNP Paribas, has been appointed global head of primary markets and origination.
  • European investors are finding relative value in mezzanine tranches of commercial mortgage-backed securities with high quality London properties as collateral.
  • The U.S. Securities and Exchange Commission has given European issuers a six-month reprieve to comply with new rules designed to inject transparency into the market.
  • Isle of Man-based Wichford, a property firm with exposure to European commercial mortgage-backed securities, has negotiated extensions to a number of its lending facilities.
  • Mission Capital Advisors is marketing a $300 million portfolio of non-performing loans from commercial mortgage-backed securities deals.
  • The sale of the business backing Fleet Street Finance Two, a €1.912 billion ($2.4 billion) commercial mortgage securitization of German shopping centres, has only attracted one bidder.
  • Noteholders of J Sainsbury’s sponsored and credit-linked deals are frustrated with the supermarket chain’s voluntarily cancelation of its corporate credit rating.
  • A Credit Suisse asset-backed securities researcher, Larry Yang, has left the firm.
  • Bids for the sale of eight London properties backing the £1.5 billion ($2.24 billion) White Tower 2006-3 commercial mortgage-backed securities were submitted to the special servicer today.