Latest CMBS conduit keeps 2018 rally going

By Max Adams
29 Jan 2018

The latest conduit CMBS offering was priced on Friday, with lead banks selling the top rated, 10 year bonds at the same post-crisis tight level achieved by the offering that kicked off 2018 a week earlier.

Leads Morgan Stanley, Wells Fargo and Bank of America Merrill Lynch priced the triple-A rated A-5 class of BANK 2018-BNK10 at 66bp over swaps, the same level at which BMARK 2018-B1 was priced on January 19. The pricing represents the tightest spread seen on a ...

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