BAML announces first UK CMBS since 2015
Bank of America Merrill Lynch has announced Taurus 2017-2, a sterling denominated CMBS backed by a single loan secured on a portfolio of UK logistics properties — the first sterling CMBS deal to be issued in over two years.
The last sterling denominated UK CMBS to hit the market was Logistics UK 2015, a £646m three year transaction that was launched in July 2015. A month earlier the £489m MINT 2015 was priced.
The £350m Taurus 2017-2 will be sold in five tranches, rated triple-A
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