一笔与曼哈顿中城一栋24层写字楼相关联的债券发行被推迟，该写字楼是 的出版商所在地。这是一系列因信贷条件疲软和利率市场波动而被推迟的房地产支持债务交易中的最新一例。
A bond sale tied to a 24-story office tower in midtown Manhattan that’s home to the publisher of was postponed, the latest in a string of real estate-backed debt deals to be delayed in the face of weakened credit conditions and volatile rate markets.
根据Morningstar DBRS的预售报告，这笔1.75亿美元的发行以475第五大道的抵押贷款为担保，该地点位于布赖恩特公园附近，是Penske Media Corp的东海岸总部。根据知情人士透露，该交易中最安全的部分——一笔评级为AAA、金额为7412万美元的 tranche，最初计划以较基准利率高约1.80个百分点的利差向投资者推销，并预计于10月6日定价。该知情人士因涉及保密信息而拒绝透露姓名。
The $175 million offering is backed by the mortgage on 475 Fifth Avenue, near Bryant Park — the East Coast headquarters of Penske Media Corp, according to a presale report from Morningstar DBRS. The safest portion of the deal, a $74.12 million tranche rated AAA, was marketed to investors with a spread of about 1.80 percentage point over the benchmark and was initially expected to price on Oct. 6, according to a person with knowledge of the sale who declined to be named discussing confidential information.
Mesirow Financial（该发行的管理人）的代表拒绝置评。该交易的赞助方RFR和Pacific Coast Capital Partners的代表也没有立即作出回应。
A representative for Mesirow Financial, the manager of the offering, declined to comment. Representatives for RFR and Pacific Coast Capital Partners, the deal’s sponsors, didn’t immediately comment.
随着投资者在利率上升和某些高风险债券收益溢价扩大的背景下要求更高的回报，以住宅和商业房产贷款为担保的债券发行被搁置的数量正在增加。虽然这些交易最终可能会完成，但延迟凸显了在数月来交易活动稳定、信贷状况良好之后，信贷信心出现裂纹。
A growing number of sales backed by loans on homes and commercial properties are being put on hold as investors demand a higher payoff against a backdrop of rising interest rates and widening yield premiums on some risky debt. While the deals may eventually be completed, the delays point to cracks in credit confidence after months of steady deal flow and stable credit conditions.
上周，Figure Technology Solutions Inc.的一个部门因未能吸引足够的投资者需求，决定推迟发行一笔3.46亿美元的住宅抵押贷款支持证券，这是根据熟悉情况的人士透露的。在此之前，Freddie Mac推迟了超过4.4亿美元与公寓楼抵押贷款挂钩的债券发行，而Bridge Investment Group则搁置了一笔11.9亿美元的商业房地产抵押贷款担保贷款义务（CLO）发行——这是一种用于融资高风险房地产项目的债务工具。
Last week, a unit of Figure Technology Solutions Inc. decided to postpone a $346 million residential mortgage-backed security after failing to attract sufficient investor demand, according to people familiar with the matter. Before that, Freddie Mac delayed the sale of more than $440 million of bonds tied to apartment-building mortgages, while Bridge Investment Group shelved a $1.19 billion commercial real estate collateralized loan obligations offering, a type of debt used to finance risky real estate projects.
在其他地方，摩根士丹利正努力吸引需求，以应对一项约3.01亿美元的抵押贷款债券发行，该债券与堪萨斯城的一座数据中心相关联，因为投资者对其人工智能债务敞口变得更加谨慎。
Elsewhere, Morgan Stanley is struggling to attract demand for a roughly $301 million mortgage-bond sale tied to a data center in Kansas City as investors become more cautious about their exposure to artificial-intelligence debt.
根据预售报告，与最新推迟交易相关联的曼哈顿大厦截至9月1日的入住率为93.4%。报告称，彭博媒体（Penske Media）是该大厦的最大租户之一，此前曾持有该建筑的股权。彭博媒体的其他出版物还包括《滚石》和《Variety》。
The Manhattan tower tied to the latest postponed deal had a 93.4% occupancy rate as of Sept. 1, according to the presale report. Penske Media, one of the largest tenants, previously had an equity stake in the building, the report said. Penske’s other titles include and .