Westfield Stratford City to refinance 2014 CMBS

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By Tom Brown
10 Jul 2019

A loan on the Westfield Stratford shopping centre in East London, last securitized in a 2014 CMBS, is being refinanced, with BNP Paribas and HSBC announced as arrangers for a new £750m ($940m) dual tranche offering.

The tranches, both rated triple-A, will offer a floating rate coupon linked to Sonia and have a seven year maturity, the proceeds of which will be used to refinance the outstanding 2014 transaction.

“It is pretty darn close to a securitization,” said an investor, when asked if ...

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