Sat, Dec 20, 2014, 6:56 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Apollo Commercial Real Estate Finance, Inc. Message Board

  • wall_street_titan wall_street_titan Mar 24, 2011 8:56 AM Flag

    Goldman New CMBS Yield = 4.655%

    Although ARI has leverage in its portfolio, this CMBS new issue from GS tells me that the ARI NAV is undervalued:


    NEW YORK (Dow Jones)--The $1.4 billion commercial mortgage-backed security offered by Goldman Sachs Group Inc. (GS:...) priced late Wednesday.
    The fixed rate bond was being sold via the private Rule 144a market and joint lead managers were Goldman Sachs (GS:...) and Citigroup Global Markets.
    The $532.01 million 9.73-year triple-A rated tranche priced at 125 basis points over swaps, a benchmark, to yield 4.655%.
    The deal is dubbed GSMS2011-GC3.
    About $8 billion in new CMBS have either been sold or are being marketed so far this year.
    Estimates on total issuance for the year range from $35 billion to $45 billion for the year. Last year, about $10 billion in CMBS were sold.
    -By Anusha Shrivastava, Dow Jones Newswires; 212-416-2227; anusha.shrivastava@ dowjones.com
    Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=0XeOnsaXGoWGNpITvxbnpA%3D%3D. You can use this link on the day this article is published and the following day.

 
ARI
16.92+0.08(+0.48%)Dec 19 4:07 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.