Feeding Frenzy For Taurus CMBS Lower Tranches

07 May 2013

Bank of America-Merrill Lynch’s Taurus 2013—the year’s first European commercial mortgage-backed trade—attracted a rapacious response from investors after books opened Tuesday morning.

Bank of America-Merrill Lynch’s Taurus 2013—the year’s first European commercial mortgage-backed trade—attracted a rapacious response from investors after books opened Tuesday morning.

Lead managers BAML and HSBC put out initial price thoughts around three-month EURIBOR plus 110 basis points for the EUR710 million ($929.2 million) triple-A rated class ...

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