Latest news
Latest news
Deals at the double as mall-backed issuance creeps up
Sponsors also inject $35m of equity
UBS headquarters among deals in enthusiastic SASB market
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Goldman Sachs released initial price thoughts (IPTs) for its upcoming River Green Finance 2020, the first such green deal in Europe and the first CMBS of the year. -
Goldman Sachs is bringing River Green Finance 2020, the first European commercial mortgage-backed security (CMBS) of the year and the first in Europe to be marketed as green.
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Funding Circle picks up former securitization syndicator — Campbell moves from HSBC to RBC — Long-time DCM banker turns up at Aramco
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Xavier Clement has joined Barclays’ European credit trading business, working under another former Bank of America Merrill Lynch banker.
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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.
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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.
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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.
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Barclays’ head of corporate broking leaves — ESG finance academic joins Barings — Morgan Stanley ratings banker heads for exit
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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.
