BAML sets pricing on Taurus CMBS

Bank of America Merrill Lynch has set initial price guidance on the sole UK sterling CMBS transaction of the year with a view to updating investors on Tuesday.

  • By Bill Thornhill
  • 20 Nov 2017

The £350m Taurus 2017-2 CMBS is backed by a single loan secured on a portfolio of 127 last mile logistics properties in the UK and will be sold in five tranches, rated triple-A to double-B. All classes have an expected maturity of November 2022.

Initial price thoughts for ...

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1 Citi 4,296 9 12.88
2 BNP Paribas 3,026 10 9.07
3 Bank of America Merrill Lynch (BAML) 2,824 9 8.46
4 Lloyds Bank 2,213 9 6.63
5 Credit Agricole 2,025 6 6.07

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5 Credit Suisse 24,807.99 61 6.25%