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US Property Fears Send German Lender Bonds Plunging.
In: Bloomberg.com, 2024-02-07, S. 1
Online
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Zugriff:
Losses in the commercial property market have caused German lender bonds to plummet. Morgan Stanley analysts recommended selling senior bonds issued by Deutsche Pfandbriefbank AG due to its exposure to the US commercial real estate (CRE) market. The bank's bonds experienced significant drops, with its tier 2 bond falling 17.4 cents and its senior bonds following suit. Concerns have arisen as appraisers have yet to fully mark down the value of business properties in the US, potentially leading to further writedowns. Smaller and regional banks in the US, as well as some European lenders, are also affected by the downturn in the CRE market. [Extracted from the article]
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US Property Fears Send German Lender Bonds Plunging.
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Autor/in / Beteiligte Person: | Morpurgo, Giulia ; Vossos, Tasos ; Callanan, Neil |
Zeitschrift: | Bloomberg.com, 2024-02-07, S. 1 |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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