Latest news
Latest news
Most classes land inside guidance after Barclays reopened conduit primary at even tighter level on Friday
Protections for special servicers challenged
JP Morgan's deal could encourage others to also issue separate DSCR-based non-QM deals
More articles
-
Funding Circle picks up former securitization syndicator — Campbell moves from HSBC to RBC — Long-time DCM banker turns up at Aramco -
Xavier Clement has joined Barclays’ European credit trading business, working under another former Bank of America Merrill Lynch banker.
-
Bonds in two pre-crisis CMBS deals backed by UK hospitals, are set to be repaid following a bid from Alabama-based Medical Properties Trust for 30 properties backing the deal. The Reit will fund the deal with recently signed high yield bonds, drawing down the curtain on a saga which has seen the ill-fated 2007 CMBS restructured twice in the last five years.
-
Deutsche Bank has been mandated on Alpha Bank’s ‘Project Galaxy’ NPL sale, likely to be the first to use Greece’s new non-performing loan guarantee scheme known as ‘Hercules’. Like its compatriot Eurobank, the sale will include the spin-off of an NPL management division as well as the loan exposures themselves.
-
Europe will probably see an increase in rates of corporate defaults in 2020 as credit quality deteriorates. Moody’s expects the rate of defaulting junk-rated issuers to triple, pushing the figure above the long-term average after an extraordinarily quiet year.
-
Barclays’ head of corporate broking leaves — ESG finance academic joins Barings — Morgan Stanley ratings banker heads for exit
-
CMBS issuers are flooding the primary pipeline in the last weeks of 2019, with three deals totalling $3.6bn priced Wednesday afternoon and another four transactions queuing up to close out the year.
-
Angelo Gordon announced on Monday that it has hired a managing director to its commercial real estate debt group, overseeing originations and management of the firm’s loan investments in the sector.
-
GlobalCapital understands distressed debt buyers are seeking advice on how to target debt issued by intu Properties, especially its 2022 convertible bonds, now trading below 70, as the shopping centre company reels from the wave of restructurings and rent reductions by some of UK’s largest retailers.
