Issuers target tightest 2017 pricing for new conduit CMBS

Issuers have given price guidance for the $1.13bn BANK 2017-BNK8 conduit CMBS deal, targeting the tightest super senior triple-A pricing of 2017.

  • By Max Adams
  • 25 Oct 2017

Morgan Stanley, Bank of American Merrill Lynch and Wells Fargo issued guidance of 78bp over swaps for the triple-A rated ‘A-4’ class on Wednesday.

While spreads on similar CMBS bonds hit that level in secondary trading last week, primary pricing at that spread would be the tightest ...

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