Latest news
Latest news
US market remains the model as template issuance takes shape
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
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A rule to be published next month that is set to ramp up the cost of holding inventory for ABS dealers could seriously hamper secondary trading, hastening the retreat of banks from market making in more capital intensive sectors.
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Spreads on the latest conduit CMBS offering from Morgan Stanley and Bank of America Merrill Lynch tightened considerably from guidance, as investors paid up for full ratings on all of the deal’s publicly offered classes.
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Colony American Finance has priced its first multiborrower single family rental securitization, widening all but the senior tranche from initial guidance. -
Issuers of three deals this week have tapped Moody’s to rate a part of the CMBS capital stack that the agency has been absent from for months.
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CMBS observers were greeted on Tuesday morning with the news that one of the longest running commercial real estate sagas was finally coming to an end, as Blackstone Group stepped in with the winning bid for the troubled Stuyvesant Town Peter Cooper village complex in Manhattan.
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Benchmark CMBS continued to hover at their widest levels since 2013 this week. The latest conduit deal was priced on Wednesday at 125bp over swaps for the super senior class.
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ABS investors have little to worry about from the impact of long-term oil prices flattening out at just above $40 a barrel, said JP Morgan this week.
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A legal decision was reached last week in a dispute between bondholders in the Gemini UK CMBS deal, with senior noteholders set to benefit from the outcome. But the legal headache is set to continue.
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Hedge fund TIG Advisors is looking to raise $75m from investors in a joint venture with Amherst Securities to acquire a portfolio of single family rental properties.
