Latest news
Latest news
The rise of the European master trust and the CLO market nears shut down
The trade is EdgeConneX’s euro debut, the first Dutch data centre ABS, the first data centre CMBS structure and the first master trust structure
'Super wide' guidance on triple-As brings in orders twice the tranche size
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Together Financial Services Limited (Together) is boosting its commercial real estate (CRE) lending strategy with the announcement on Wednesday of a £525m warehouse facility to support growth, adding to three other existing private facilities. -
Ares Management is marketing $460m of seasoned fixed-rate subordinate B-pieces from Freddie Mac deals in the secondary market.
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In partnership with MUFG Union Bank, the American subsidiary of Japanese giant bank Mitsubishi Financial Group, Principal Real Estate Investors has announced the debut of MUFG Principal Commercial Capital, a lending platform focused on originating loans and securitizing them in CMBS deals.
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Following up from a busy week, a number of CMBS deals are lining up to be priced ahead of the typical post-July 4 market slowdown, including a deal that refinances debt on the La Quinta hotel chain.
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Barclays is preparing to go toe-to-toe with the market leading US firms with its revived asset finance operation in EMEA — and it is adding commercial real estate capabilities as well. It has backed the effort with senior hires, and serious balance sheet but is it late to the party?
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Joint arrangers and joint leads Bank of America Merrill Lynch and Morgan Stanley announced a £299.5m CMBS transaction on Tuesday, BAMS CMBS 2018–1, adding yet more supply to a resurgent European CMBS sector.
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In its mid-year outlook on structured finance, JP Morgan analysts said that while valuations of MBS are attractive in an evolving macro context, evolving dynamics in mortgage bond supply and a rising CRE CLO market could create some degree of spread widening across the market.
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The White House has floated proposals to end the duopoly of Fannie Mae and Freddie Mac in mortgage finance and scale back the government’s footprint in the housing market, as part of a broader plan to reform and downsize the US federal government.
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Janus Henderson filed documents with the Securities and Exchange Commission on Wednesday announcing the launch of an actively managed exchange-traded fund (ETF) set to outperform the Bloomberg Barclays US mortgage-backed securities Index, which are tracked by several MBS ETFs.
