Vitus IPO, Merger Rumors Brings Florentia CMBS Prepayment Into Focus
Noteholders in the German multi-family Florentia 2012 commercial mortgage-backed securities could be in line for early prepayment if the underlying borrower, Vitus Immobolien, decides to refinance the CMBS at tighter spread levels ahead of a rumored initial public offering or potential merger with Deutsche Annington, according to Barclays CMBS analyst Christian Aufsatz.
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