CMBS conduit securities offerings continued to flow in November despite growing global market volatility. 3650 REIT, Citigroup and Deutsche Bank priced a $918.6-million conduit deal -- the first from 3650’s new shelf -- at relatively tight spreads. The super-senior, long-term AAA-rated securities … [Read more...] about 11.17.21: LATEST CMBS CONDUIT OFFERINGS WELL RECEIVED
7.24.13: CMBS Prices Rise Before Next Wave of Offerings
Commercial MBS values continued to slowly move upward during the week of July 22 as issuers began marketing or prepared to roll out four offerings totaling more than $2.5 billion, according to Commercial Mortgage Alert. On Friday, Bank of America, Morgan Stanley and CIBC launched an $856-million … [Read more...] about 7.24.13: CMBS Prices Rise Before Next Wave of Offerings
9.23.11: Buyers Grab Super-Senior CMBS from Recent Offerings
CMBS investors lined up for super-senior CMBS from recent transactions, hopefully signaling the end to spread widening that began in May. On Wednesday, September 14, Morgan Stanley and Bank of America priced the bulk of a $1.5-billion multi-borrower offering at tighter-than-expected spreads. Among … [Read more...] about 9.23.11: Buyers Grab Super-Senior CMBS from Recent Offerings
7.14.11: Soft Market Confronts CMBS Offerings
According to Commercial Mortgage Alert, the latest weakening in the CMBS market makes it likely that a pair of $1.5-billion multi-borrower issues due to price the week of July 18 will wind up with senior spreads matching the widest levels seen this year. Goldman Sachs and Citigroup are leading one … [Read more...] about 7.14.11: Soft Market Confronts CMBS Offerings