Bookrunners priced a $901.17m conduit CMBS transaction late Tuesday at tight spreads, although market activity so far in 2018 has skewed further towards single borrower, single asset transactions
Bank of America Merrill Lynch, Morgan Stanley and Wells Fargo priced BANK 2018-BNK12 at 79bp over swaps for the $243.02m senior ‘A-4’ class of bonds. Final pricing for the benchmark class is 11bp tighter than the previous conduit deal to hit the market earlier this month, a $1bn
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