Tesco, the supermarket group, is to raise £950m ($1.4bn) from issuing bonds against 41 of its supermarkets in the largest form of securitized debt raising since the downturn in property and debt markets began three years ago. This marks the first UK commercial mortgage-backed security transaction this year in a further sign that capital markets are more readily accepting forms of real-estate debt after the shocks of the past recession.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time? If not, which is one is true? HousingWire Columnist Logan Mohtashami takes a deeper dive.
Federal Reserve officials dubbed coronavirus a “new risk” the economy at their Jan. 28 to 29 meeting, minutes of the meeting show.