Merrill’s Taurus U.K. CMBS Tripped Up By Times Square

Merrill Lynch’s Taurus U.K. commercial mortgage-backed securitization has been placed on watch for downgrades to the A-rated C tranche and BBB-rated D tranche by Standard & Poor’s.

  • 04 Sep 2008
--Alex Sebastian

Merrill Lynch’s Taurus U.K. commercial mortgage-backed securitization has been placed on watch for downgrades to the A-rated C tranche and BBB-rated D tranche by Standard & Poor’s. The action has been triggered by concerns over the Times Square loan. The £38 million ($67 million) loan is backed by ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%