You are here

Crisis still reverberating in Credit Suisse property bonds

Losses make up 11.4% of the bank's CMBS deals, 80% of which were done when property prices were at the peak

BT_20151211_CREDIT11_2017834.jpg
In London, office prices are now above the pre-crisis peak at 22,798 euros per square metre in the third quarter of 2015.

London

CHANCES are that if you bought bonds backed by European real estate before the global financial crisis, you've lost money. And if those bonds were sold by Credit Suisse Group, the odds are even higher.

Holders of commercial mortgage-backed securities (CMBS) originated by

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom