UBS prices CMBS as market pushes through summer
UBS priced a conduit CMBS transaction at the end of last week, as the sector barrels through the tail end of summer into what is predicted to be a very busy quarter end.
UBS and co-lead manager Société Générale priced the $708.62m UBSCM 2017-C3 at 94bp over swaps for the 10 year senior triple-A class of bonds, 4bp wider than the previous deal to be priced, from Goldman Sachs earlier in the week.
“The volatility in swap
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