Small Business Resources, Business Advice and Forms from AllBusiness.com

ANZ completes global MBS financings by major banks.(ANZ Banking Group, mortgage-backed...

By Martin, Steve
Publication: Australian Banking & Finance
Date: Thursday, June 14 2001

FURTHER EVIDENCE OF THE extent to which securitisation is becoming entrenched as a means of financing for two key industry sectors -- banking and property -- has emerged with separate deals by ANZ Banking Group and Mirvac Group together worth nearly $2.5 billion.

ANZ has completed the line-up of major Australian banks accessing the global mortgage-backed securities market with the debut transaction by its home loan securitisation vehicle, Kingfisher.

The $US1 billion deal was lead managed by US investment bank Salomon Smith Barney.

And Mirvac has

In addition, make sure to read these premium articles also available with your free trial:

  • CMBS Market Is Offering CUs Promise Of Diversification.(commercial...premium_logo
    • A year after NCUA opened the faucet to the commercial mortgage-backed securities (CMBS) market, credit unions have been slow to wade into the water. But ......
  • THE GRAPEVINEpremium_logo
    • Commercial MBS volume slumped to about $6.4 billion through mid-year, down 35% from a year ago, according to a preliminary tally by Commercial Mortgage Alert....
  • THE GRAPEVINEpremium_logo
    • Credit Suisse First Boston has privately placed an unrated senior interest in a $500 million pool of floating-rate loans with SunAmerica. The Los Angeles insurer ......
  • THE GRAPEVINEpremium_logo
    • Lazard Freres & Co., the New York investment banking firm, has been tapped to underwrite an offering backed by a number of office buildings. Rating ......
  • THE GRAPEVINEpremium_logo
    • This week, a partnership led by Morgan Stanley Real Estate Fund LP will launch a $260 million deal backed by nonperforming loans acquired from Chemical ......
  • THE GRAPEVINEpremium_logo
    • For months, Simon Property Group had been expected to make its debut in the unsecured debt market, but it never pulled the trigger. Now we ......
  • THE GRAPEVINEpremium_logo
    • Smith Barney Inc. has extended a $70 million bridge loan to a unit of Factory Stores of America Inc., a REIT based in Smithfield, N.C....
  • THE GRAPEVINEpremium_logo
    • Donaldson, Lufkin & Jenrette Inc. has pulled the plug for now on its $60.3 million hotel deal for Servico Inc., a West Palm Beach, Fla., ......
  • THE GRAPEVINEpremium_logo
    • While many lenders are still shying away from hotel lending, Nomura Securities International Inc. is moving full speed ahead. The investment bank will close a ......
  • Australian banks well placed for growth: Australian banks are well...premium_logo
    • The Australian major banks experienced increasingly difficult operating and economic conditions in fiscal 2001, a situation that appears unlikely to ease in fiscal 2002. Continued ......
T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

Free AllBusiness Articles

  • ING Real Estate Finance Closes First European CMBS
    • ING Real Estate Finance of The Hague, Netherlands, issued £147.75 million (U.S.$273 million) in commercial mortgage-backed securities through its Leo (UK) CMBS No. 1 plc offering, ING's first European CMBS transaction.
  • CMBS continues to dominate; Commercial Mortgage-Backed Securities (CMBS) have secured a major place in the financing of real estate. One expert predicts they will be the leading source of originations...
    • THE COMMERCIAL MORTGAGE-BACKED SECURITIES (CMBS) market has grown so much in the last several years that it is becoming the dominant form of financing for commercial real estate, leaving other lending sources lagging behind. "The CMBS market is worth about half a trillion dollars today," says John Levy, president of ......
  • A flowering of opportunities.
    • Mortgage securitization is a sector of financial services that is ripe for export. Mortgage market expertise, honed in the United States in a mature MBS market environment, is facing a tremendous window of opportunity as global housing markets awake to the benefits of securitization. The recent acquisition of Homeside Lending, ......
  • A thriving securities market.
    • Commercial mortgage-backed securities have arrived as a mature and flexible source of capital for real estate. This year the CMBS market appears headed for record issuance without any help from the now-defunct RTC. The commercial mortgage-backed security (CMBS) market was just a twinkle in Wall Street's eye through the 1980s ......
  • CMBS Continues to Dominate
    • HEADNOTE Commercial mortgage-backed securities (CMBS) have secured a major place in the financing of real estate. One expert predicts they will be the leading source of originations this year. THE COMMERCIAL MORTGAGE-BACKED SECURITIES (CMBS) market has grown so much in the last several years that it is becoming the dominant ......
  • CMBS Abroad
    • HEADNOTE The commercial mortgage-backed securities (CMBS) market in Europe and the United Kingdom has taken on a new maturity. Issuance is booming as issuers are overcoming past obstacles. IMAGE ILLUSTRATION 1 About three years ago, Guy Leech explored tapping funds from a commercial mortgage-backed securities (CMBS) lender to finance some ......
  • Green CMBS
    • HEADNOTE Report prepared on behalf of the Institute for Market Transformation to Sustainability HEADNOTE Pooling green building mortgages into securities and showcasing their value in the financial market may be the next big step for green buildings In 1994, the commercial mortgage-backed securities market was a $50 billion industry. Today, ......

Blogs

  • More Financial Transparency on Wall Street?
    • In light of the subprime mortgage meltdown, the Securities and Exchange Commission (SEC) has said that it wants to see more transparency on Wall Street, and that includes more financial information and more disclosures.
  • What Fed Rates Mean for You
    • Last Tuesday the Federal Reserve reduced the rate at which banks can borrow money (the Discount Rate) by 25 basis points. What does it mean for you?
  • All Bloggers
Related Topics
Tools

Sponsored Links

Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.