Blackstone to sell bonds backed by lease payments

Last year, the electric-car maker sold $1.5 billion of these bonds, which are backed by lease. ABS payments in that period. Investors in these bonds do have some exposure to the company because.

Fitch Ratings said. underlying Blackstone’s inaugural rental-backed bonds, known as “Invitation Homes 2013-SFR1”, declined by 7.6 per cent from October to January as lease expirations and tenant.

Current Financing Strategies for the Single Tenant Net Lease Market Blackstone Group LP, which has the largest single-family rental business in the nation, is planning to sell bonds backed by lease payments to take advantage of rebounding home prices and a rising.

Steve Schwarzman’s Blackstone Group LP (BX) has spent $7.5 billion acquiring 40,000 houses in the past two years to create the largest single-family rental business in the U.S. The private-equity firm is now planning to sell bonds backed by lease payments, the latest step in turning a small business into a mature industry.

We estimate that General Fund debt payments for infrastructure-related general obligation and lease-revenue bonds were about $4.4 billion in 2007-08. As previously authorized but currently unsold bonds are marketed, outstanding bond debt costs will rise, peaking at approximately $9.2 billion in 201718.

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