BAML gets tight pricing for Blackstone Italian CMBS

Taurus 2018–IT, a Blackstone sponsored CMBS secured on Italian real estate and led by a Bank of America Merrill Lynch, achieved tight pricing on Tuesday across the capital structure, demonstrating investor demand for rare European CMBS paper.

  • By Asad Ali
  • 02 May 2018

The double-B and single-B rated tranches, in particular, saw significant spread tightening compared to the first Blackstone Italian CMBS seen this year, Pietra Nera Uno S.r.l.

While a breakdown of the investor base has yet to be shown, fund managers are likely to feature heavily given the attractive ...

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1 BNP Paribas 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

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