Issuers launched two conduit CMBS transactions on Friday at the widest spreads seen so far in 2019, battered by the week’s macroeconomic volatility and headlines around interest rates and trade wars.
The $811.11m CD 2019-CD8 from Deutsche Bank, Citi, and Cantor Commercial Real Estate, and the $937.34m BBCMS 2019-C4 issued by Barclays, UBS, Natixis and Société Générale, were both priced at 100bp over swaps for the 10 year senior triple-A class. That is the widest pricing this year, tied
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