Latest news
Latest news
Deal is backed by three data centers in Virginia, Illinois and Atlanta
Tightest CMBS print in nearly a year ahead of Yondr data centre ABS debut
Nomura plans to launch its own conduit during second half of 2026
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Morgan Stanley sold the latest conduit CMBS transaction at the end of last week, putting the US non-agency CMBS sector on track to eclipse the total volume issued in 2018.
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Newly appointed EMEA investment grade DCM head Mark Lewellen has outlined the management team for Deutsche Bank’s bond operations in the region, creating a new role running real estate origination, giving Achim Linsenmaier responsibility for the public sector business, and giving Federica Calvetti environmental, social and governance responsibilities.
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Asset manager AllianceBernstein has criticized the viability of shorting the CMBX.6 index, nicknamed the “next big short” by proponents of the trade, arguing that the decline of US shopping malls has been greatly exaggerated.
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The next economic downturn will be much more severe than the last financial crisis, predicted Dr. Edward Altman, a professor of finance at NYU Stern School of Business. That companies have twice as much debt outstanding as they did before the last crisis was the critical factor, he said.
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The European Commission has approved Greek plans to set up a scheme called Hercules to enable the country’s banks to cut their non-performing loan (NPL) exposures.
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Blackstone this week priced the largest CMBS transaction since the financial crisis, selling bonds totalling $5.6bn backed by a portfolio of warehouses it acquired from real estate asset manager GLP in June.
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Blackstone is in the market this week with a $5.6bn CMBS deal backed by a portfolio of industrial properties, the largest commercial mortgage bond issuance since 2014.
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Logicor, the UK and European logistics group owned by China Investment Corp and Blackstone, is marketing a secured bond of up to £900m this week to take out some existing debt, hitting the market window ahead of expected disruption around the UK’s EU exit date of October 31.
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Bank of America Merrill Lynch is bringing the third deal of the year from its Taurus CMBS shelf, with the transaction this time around backed by UK student housing.