Second largest CMBS conduit deal of 2018 hits market

One of the biggest conduit deals of 2018 is in the market this week, backed by around $1.6bn of retail and office properties across the US, according to term sheets seen by GlobalCapital.

  • By Alexander Saeedy
  • 13 Sep 2018

Sponsored by Morgan Stanley, Bank of America Merrill Lynch, and Wells Fargo, BANK 2018-BNK14 is heavily exposed to retail properties, loans on which total roughly 39.4% of the pool.  

One manager at a bank potentially investing in the deal said that some of the exposure to extreme-high ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78