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 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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