Rare Italian CMBS offering hits primary pipeline

Blackstone is in the market with a rare Italian CMBS transaction, with price talk emerging Thursday for Pietra Nera Uno S.r.l, a €403.8m securitization backed by a trio of loans secured by retail properties.

  • By GlobalCapital
  • 08 Feb 2018

Deutsche Bank is arranging the transaction, which refinances two older deals — Taurus 2015-1 IT and Moda 2014 S.r.l.

The loans are secured on a shopping centre and three fashion outlets. Blackstone will retain a 5% interest in ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%