Bank of America offers full capital stack logistics CMBS

Logistics 230 - 150
By Tom Brown
21 Jul 2020

Bank of America is offering a full capital stack CMBS deal backed by logistics properties, the first such transaction to come to market in Europe since the height of the pandemic in April.

BofA posted initial price thoughts (IPTs) for Taurus 2020-2 on Monday, with the £183m five year senior notes guided in the mid to high 100bp over Sonia. The bonds were covered at 1.8x as of Monday evening.

The double-A notes were being guided in the low to mid ...

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