CMBS

Wells Fargo and RBS plan to issue WFRBS Commercial Mortgage Trust 2013-C12, a $1.2 billion CMBS conduit transaction backed by 100 commercial mortgage loans secured by 138 properties.

JP Morgan Chase Bank will issue a $1.2 billion CMBS conduit deal call, J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10.

Goldman Sachs plans to issue a $900 million CMBS deal secured by the fee interest in 1515 Broadway in Midtown Manhattan, N.Y.

Office Depot’s planned merger with Office Max announced on Wednesday, could lead to some store consolidation that would affect CMBS deal performance.

RBC Capital Markets plans to issue a $500mn cross-border credit card ABS backed by Canadian receivables.

Goldman Sachs plans to issue $568 million CMBS loans backed by fixed rate loans that are secured on three malls.

The percentage of interest-only loans in commercial mortgage-backed securities is rising, increasing the risk of losses in these deals, according to Kroll and S&P.

Moody’s Investors Service expects commercial mortgage-backed securities in Europe to perform poorly over the next two years.