New Issue: Talisman-5 Finance PLC Feb 07
- ID: 1781977
- February 2007
- Standard & Poors
Standard & Poor's Ratings Services assigned credit ratings to the €544.25 million commercial mortgage-backed floating-rate notes issued by Talisman-5 Finance PLC (Talisman-5), an SPE incorporated in Ireland with limited liability, and FCC Talisman, a French compartmentalized debt-mutual fund. At closing, Talisman-5 used the note issuance proceeds to acquire: A portfolio of six commercial real-estate loans originated by the London, Paris, and Frankfurt branches of ABN AMRO Bank N.V. The loans are secured by 48 commercial properties and 2,354 residential units located across Germany and Finland; and Notes issued by FCC Talisman, which are ultimately secured on a single loan backed by nine commercial properties in France. This is the fifth CMBS transaction to date in the Talisman program. This is...
Companies mentioned in this report are:
- Talisman-5 Finance PLC
- The Royal Bank of Scotland N.V.
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis