BAML announces first UK CMBS since 2015

By Bill Thornhill
13 Nov 2017

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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial