Investors clamour for Taurus Italian CMBS bonds

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By Asad Ali
30 Apr 2018

Investors are lining up to buy the bonds across the capital stack in the third European CMBS transactions of the year.

The €300m Taurus 2018-IT deal, brought by sole arranger and lead manager Bank of America Merrill Lynch, is backed by three loans secured on Italian real estate. 

Price guidance for the €197m class ‘A’ tranche, rated AA(low)/A+ by DBRS and Fitch, is 100bp-110bp over Euribor and has attracted 2.8 ...

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