BAML’s Gagfah CMBS irritates with detachable coupon
Bank of America Merrill Lynch’s Taurus 2013 CMBS, which securitises a loan for a portfolio of Dresden multi-family units owned by German real estate company Gagfah, has provoked frustration among investors because of the inclusion of a detachable coupon at the top of the cash waterfall.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: