Issuers tee up nearly $5bn of CMBS to see out summer pipeline

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By Max Adams
05 Aug 2019

CMBS issuers are set to open up the primary market in August this week with four conduit transactions and a single borrower deal totaling just over $5bn, in what is likely to be a last burst of CMBS issuance for the summer.

Wells Fargo launched its $900.24m WFCM deal on Monday afternoon, looking to place the benchmark 10 year triple-A bonds at 93bp over swaps. That level is wide of Citi’s CGCMT 2019-GC41 deal, which was being guided in the area of 85bp over swaps on Friday.

According to ...

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