reit
’New-issue CMBSuccess under the Talf
Here’s something which hasn’t happened before.
The New York Fed received requests for federal loans to purchase new-issue CMBS in its latest Talf subscription:
This is likely down to the CMBS deal mentioned last week,
Talf-tastic CMBS
Ta-dah! Behold the first new CMBS deal in over a year:
(From Structured Finance News, click to enlarge)
`DDR’ is Developers Diversified Realty Corp., an Ohio-based shopping mall Real Estate Investment Trust (Reit).
Brace yourselves for record corporate defaults in 2009
In August last year, Moody’s issued what was then considered a gloomy outlook for corporates in the US. The ratings agency said it expected the global default rate to reach to 6.3 per cent by the following August,
Snap news
The latest on Tuesday:
- Paragon confirms talks with potential bidders – statement
- F&C proposes merger of property business with REIT – statement
- Trafficmaster to acquire Tri-Mex – statement
