BAML in the market with UK student housing CMBS

student house
By Tom Brown
01 Oct 2019

Bank of America Merrill Lynch is bringing the third deal of the year from its Taurus CMBS shelf, with the transaction this time around backed by UK student housing.

The £232.22m deal references Libor, like its predecessor Taurus 2019-2. CMBS has been a laggard compared to much of the rest of the UK securitization market, which has switched over Sonia, the replacement rate for sterling Libor.  

Taurus 2019-3 is offering a 4.7 year triple-A tranche with ...

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