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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Issuers of a Lehman Brothers-arranged commercial mortgage securitization are having difficulties finding replacement swap providers for the deal and have announced one may not be found for several months.
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Neil McPherson, managing director at NewOak Capital, is headed for Markit.
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Globe Pub Issuer, the whole business securitisation of Globe Pub Company, the pub operator owned by entrepreneur Robert Tchenguiz, has announced an event of default on £257m of debt.
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Terra Firma’s Monterey Finance vehicle bought back Eu280m in principal of notes from its CMBS vehicle, Grand Residential Asset Note Distributor (Grand), on Friday (April 3).
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Commercial mortgage-backed securities have higher coupons, more stable cash flows and a more remote risk of losses than other assets that are eligible for inclusion in the Treasury's Public Private Investment Partnership.
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Canary Wharf Finance (Investments) Ltd has invited investors to sell their notes in Canary Wharf Finance II CMBS. It is offering to buy back up to £40m of the £104m class ‘B3’ notes, up to £100m of the £275m class ‘C2’ notes and £45m of the £125m class ‘D2’ notes.
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Calyon has appointed Swaroop Patel to head its debt and credit markets team for Asia ex-Japan.
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Delinquencies behind commercial mortgage-backed securities reached 1.43% in February, up from 1.28% in the month prior, according to Realpoint.
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Boutique investment bank Sandler O’Neill has hired Christopher Connors and Thomas Oh as a salesman and trader, respectively, for a new push into asset-backed securities.