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◆ Solving order book attrition in the corporate bond market ◆ Signs of trouble in the tech debt boom ◆ The task before the EU's two newest chief regulators
Spreads have widened and GI Partners' $375m deal is moving slowly
Investors say data centre deals are pricing wider than other types of CMBS
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The trustee of a Citigroup-arranged European commercial mortgage-backed securities deal, Capital Trust Company, is seeking legal advice after failing to find a replacement liquidity facility provider.
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General Growth Properties, which filed for bankruptcy on Thursday, is attempting to claw back a number of commercial property loans that have been securitized by pulling them into its filing.
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Songbird Estates’ buyback of three tranches from Canary Wharf Finance II eventually saw £119.7m notional being tendered for a consideration of £35.5m, excluding accrued interest.
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Nearly 230 tranches of Japanese commercial mortgage-backed securities may see their ratings cut as conditions deteriorate in the Japanese real estate market.
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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.