Latest news
Latest news
Blackstone priced its social housing CMBS while Yondr debuted in data centre ABS
Blackstone is targeting a quicker than usual three day execution
Triple-As were priced at 170bp over Sofr, close to guidance
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Banco Santander’s repurchase of €16.5 billion ($23.65 billion) of its asset-backed securities is a positive sign for the market, but its repercussions are likely to remain restricted to Spain.
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Junior noteholders of the White Tower 2006-3 commercial mortgage-backed securitization will not receive interest payments.
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Madrid, Spain-based Banco Santander has offered to buy back €16.5 billion ($23.65 billion) worth of asset-backed securities from 27 series of transactions the bank has originated.
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About $2.3 billion of loans were requested to buy legacy commercial mortgage-backed securities at the most recent subscription period for the Term Asset-Backed Securities Facility, according to the New York Federal Reserve Bank.
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The $3.5 billion San Diego City Employees Retirement System will meet with Smith Breeden Associates this week to discuss fixed-income opportunities available through the Term Asset-Backed Securities Loan Facility.
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Recent bankruptcy court rulings where Lehman Brothers was a counterparty to CDOs may lead to a cap on ratings for synthetic securitisations with US counterparties, according to Fitch.
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Spreads are tightening on junior AAA-rated CMBS, with a recent $761 million bid list demonstrating that mezzanine and junior triple-A rated bonds have come in as much as 10 to 25 basis points over the past three months.
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Robert Abdel-Malak, the cfo of global securitized products at Bank of America Merrill Lynch, has joined Nomura Securities in New York.
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Deutsche Bank recently tapped Grace Wong, executive director of credit sales from Morgan Stanley, for a similar sales role within the German firm.