| Title: | New Issue: Xuthus (European Loan Conduit No. 29) S.A. |
| Price: | $400.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | Full Report |
| Abstract: | Standard&Poor's Ratings Services has assigned credit ratings to the €695 million commercial mortgage-backed floating-rate notes issued by Xuthus (European Loan Conduit No. 29) S.A. (the issuer), an SPE incorporated in Luxembourg. The issuer also issued €50,000 of unrated variable-rate class X notes. On the closing date, the issuer issued the notes and used the note issuance proceeds to acquire the senior tranche of one loan from Morgan Stanley Bank International Limited (the originator). Morgan Stanley Bank International Limited originated the loan in May 2007 for a term of seven years. It is secured on a diversified and granular portfolio of 65 properties, predominately grade A and B office buildings located throughout the Netherlands, Belgium, Switzerland, and Germany. The |
| Brief Excerpt: | RESEARCH Ratings Definitions New Issue: Xuthus (European Loan Conduit No. ##) S.A. aé¼###.## Million Commercial Mortgage-Backed Floating-Rate And Variable-Rate Notes Publication date: ##-Apr-#### Primary Credit Analyst: Jason P Sunderland,... |
| Word Count: | 7710 |
| Issuer: | Xuthus (European Loan Conduit No. 29) S.A. |
| Sector: | Structured Finance, Commercial MBS |
| Country: | Luxembourg |
| Region: | Europe, Middle East, Africa |
| Format: | 
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