Transaction Update: Talisman-5 Finance PLC Aug 08
Standard & Poors, August 2008
Abstract
This transaction update follows Standard & Poor's Ratings Services' review of the Talisman-5 Finance PLC transaction based on data up to and including the July 2008 interest payment date (IPD) provided by the servicer, Hatfield Philips International Ltd. The transaction, which closed in December 2006, was originated and arranged by ABN AMRO Bank N.V. and was originally backed by seven loans secured by 33 retail properties, 10 mixed-use properties, 12 office properties, an industrial/warehouse property, and a multifamily portfolio, located in Germany, France, and Finland. Following the prepayment of the Tiger loan, which accounted for over 30% of the original pool, there are now six loans secured by 13 retail properties (8.4% by current valuation), 10 mixed-use properties (27.4%), 10...
Companies mentioned in this report are:
- Talisman-5 Finance PLC
- The Royal Bank of Scotland N.V.
Action: No Rating Change
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
- Talisman-5 Finance PLC
- The Royal Bank of Scotland N.V.
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