Investors pile into rare UK CMBS

Bank of America Merrill Lynch has priced the £350m Taurus 2017-2 CMBS, the first transaction backed by a UK commercial property loan since 2015.

  • By Bill Thornhill, Sam Kerr
  • 22 Nov 2017

The deal 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.

All tranches across ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 4,016 8 14.22
2 Bank of America Merrill Lynch (BAML) 2,411 8 8.54
3 Lloyds Bank 2,213 9 7.84
4 BNP Paribas 1,999 8 7.08
5 Societe Generale 1,927 4 6.82

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Rank Lead Manager Amount $m No of issues Share %
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1 Citi 33,454.98 97 11.27%
2 Bank of America Merrill Lynch 29,687.49 81 10.00%
3 Wells Fargo Securities 25,825.61 70 8.70%
4 JPMorgan 22,919.96 68 7.72%
5 Credit Suisse 19,279.28 44 6.50%