Blackstone’s €222.23m Deutsche-led Vivaldi CMBS was priced on Tuesday evening, with senior notes sold at 190bp over three month Euribor, wide of the 100bp mark the issuer was aiming for at price guidance.
The deal hit a snag last week when one of the loans backing the transaction was removed in order to make it more appealing to investors. In addition to the senior notes , the class ‘B’ notes were also priced wide of guidance by almost 100bp, ending
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