Blackstone structures rare UK CMBS deal

US private equity firm Blackstone closed a UK CMBS deal last week, backed by a loan secured on a London office property that was previously securitized in a Morgan Stanley CMBS deal which was repaid in 2012.

  • By David Bell
  • 10 Apr 2017
The single tranche £116.36m ($145.42m) unrated transaction, DEERF 1, was arranged by Morgan Stanley and was priced at 245bp over three month Libor, according to analysts at Bank ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,778 8 22.97
2 Citi 5,854 5 19.84
3 Goldman Sachs 4,763 3 16.14
4 Societe Generale 1,506 3 5.10
5 Rabobank 1,413 2 4.79

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 38,486.16 95 14.84%
2 Bank of America Merrill Lynch 35,181.47 86 13.56%
3 Wells Fargo Securities 24,415.38 74 9.41%
4 JPMorgan 17,158.72 50 6.62%
5 Goldman Sachs 13,413.44 31 5.17%