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Why Blackstone took the agency CMBS route for its Italian refi

The private equity giant enlisted Deutsche Bank to arrange a securitisation of four retail properties in Italy.

Securitised Punch Taverns bought by Patron/Heineken JV

Patron Capital and Dutch brewer Heineken have completed the purchase of the FTSE 100-listed Punch Taverns – the UK pub chain which is financed by circa £1.32 billion (€1.42 billion) of debt across two securitisations.

Patron platform issues first post-crisis second-charge mortgage security

Optimum Credit, a non-bank mortgage lending platform owned by investment firm Patron Capital, has completed its first securitisation of UK second-charge mortgages, according to Real Estate Capital's sister title, Private Debt Investor.

Deutsche Bank, Tyndaris finance Italian resort with private securitisation

Deutsche Bank and alternative advisory firm Tyndaris have provided an €80 million refinancing of a five-star Italian resort through a private securitisation.

Developer signs largest housing securitisation in the Philippines

8990 Holdings Inc (8990) has mandated China Bank Capital to arrange and underwrite a PHP5 billion-worth ($107 million) securitisation of contracts to sell (CTS). 8990 subsidiaries will sell the CTS in receivables to a special purpose company (SPC) of China Bank Capital, which will then issue three tranches of asset-backed securities (ABS) to investors.

EU deal for Italian bad loans “helpful” to European CMBS

The Italian government’s EU deal allowing it to provide guarantees to the country’s banks for securitising non-perfoming loans could be helpful to the European CMBS market.

European Commission launches CMU Action Plan

The European Commission (EC) has launched its Capital Markets Union Action Plan, which could have far-reaching consequences for real estate finance and securitisation.The five-year programme outlines the EC’s plans to build a single market for capital across all 28 EU member states and will see a raft of news rules introduced affecting sectors such as securitisation, infrastructure investment, and covered bonds.

HSBC, Lloyds, Natixis back £255m Jerrold securitisation

HSBC, Lloyds Bank and French bank Natixis have participated in a £255m revolving securitisation programme backed by Jerrold Holdings’ portfolio of commercial property lending companies.The programme, named Lakeside Asset Backed Securitisation 1, will run until August 2018 and the funds will be used to back Manchester-based Jerrold’s commercial and residential property lending activities.

European Commission to outline relaunch of European securitisation

The European Commission (EC) will discuss its plan to relaunch the European securitisation market at a new event in London.The Future of European Securitisation conference on November 11, organised by City & Financial Global, is expecting around 100 delegates from the financial services sector.

ABS Global conference: UK regulator backs better treatment for simple securitisations

The Bank of England says it supports lower capital requirements for investors in high quality securitisations.

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