Tuesday, 22 July 2014
Last updated 4 hours ago
Jan 13 2014 | 10:00am ET
The Blackstone Group hopes to raise as much as $261.5 million for its publicly-listed real-estate finance vehicle tomorrow.
Blackstone Mortgage Trust will offer 8.5 million shares for $227.4 million. The deal's underwriters—Bank of America Merrill Lynch, Citigroup, JPMorgan Chase and Wells Fargo Securities—can sell as many as 1.275 million more, which would bring the total haul to $261.5 million.
BXMT said that the proceeds from the sale would be primarily used to make and buy more commercial mortgage loans.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…