EuromoneyFXNews.com

EuromoneyFXNews.com

Sign up to receive free alerts from our foreign exchange news service

The truth about Asian investment banking

May 2007

CMBS: Leisure assets prove hard work

With Hoteloc still ringing in the market’s ears, Deutsche Bank’s conduit trips up on its pub valuations.


In mid-April, Standard & Poor’s announced that it had placed the D and E tranches of Deutsche Bank’s DECO Series 2005-UK Conduit 1 deal on creditwatch negative because of problems with the valuations of some of the properties backing the deal. A quick glance at the assets reveals that 25% of the initial pool was made up of hotel and leisure-related properties – which should have been enough to...


You must be a trialist or subscriber to view this content

Please Subscribe or take a Free Trial below.
Already a subscriber? Log in here.





Download the Free Euromoney iPad app today