Thankyou Defabstar for that information. I'm genuinely impressed by the depth of analysis going on here.
The $481m CMBS does look reasonable against $1b-ish of security, as far as LVR is concerned. Have some questions about this after looking at http://www.asx.com.au/asxpdf/20080228/pdf/317qmsz1n82w1s.pdf? (28/2/2008 CER Supplemental info pg 46)There are three CMBSs listed for this toal debt.
The CMBS market is nearly totally dead as far as I am aware. I am new here - so hope I'm not dredging up old stuff that has been covered, and giving you the shits. Q1. Will these three debts fit the requirements of Ruddbank for a refinance? Q2. Would it be reasonable to expect that the lenders who have rolled over the other debts have made provisions for these three CMBS debts? Q3. What LVRs do the lenders seem to be comfortable with at present for shopping centres/malls? Q4. Is info about any of these three CMBSs in the public domain?
I'm still concerned. Hope somebody cares to answer these?
CER Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
