Monday, July 15, 2013
Selling at a 3.5% discount – a good buy?
Commerzbank sells 5 billion euros of UK property loans
"Germany's second-biggest lender Commerzbank has sold British property loans worth 5 billion euros to U.S. rival Wells Fargo and private equity firm Lone Star Funds to shrink its loan book and reduce risk". "the low-interest environment, which leaves holders of some government bonds with hardly any returns, increases the attraction of higher-yielding alternatives. That has led to investors agreeing to lower discounts when buying risky assets such as non-performing mortgages".
Posted by alan @ 03:10 PM (1305 views)
One thought on “Selling at a 3.5% discount – a good buy?”
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tom101 says:
Good move. I wouldn’t want to be holding that sh!t either