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 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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5 RBC Capital Markets 4,569.28 13 4.82%