Deutsche successfully syndicates UK CMBS

Retail
By Owen Sanderson
23 Sep 2019

Deutsche Bank managed to syndicate the maximum amount possible of its loan against a UK shopping centre, where one of the largest tenants is troubled department store Debenhams, defying a deep gloom about retail in general and the UK economy ahead of Brexit.

The bank placed 95% of the loan through a CMBS called Deco 2019-RAM, after boosting the deal size from £114m to £142.5m ahead of pricing. Deutsche has to keep 5% to meet its regulatory obligations.

"We had flexibility around how and if we wanted to keep the loan if ...

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