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GC Asia
BAML sets out stall for liquidation finance CMBS Taurus
Bank of America Merrill Lynch has set out initial pricing thoughts on Taurus CMBS UK 2014-1, the capital markets exit for the financing on Apollo’s purchase and liquidation of a distressed UK retail portfolio.
Initial price thoughts are 150bp area on the £133.3m A/A-rated 'class A' notes, 260bp-275bp on the BBB-/BBB-rated £48.8m 'class B' piece, and 375bp-400bp on the BB/BB-rated £29.5m 'class C' bonds, giving a blended cost of 207bp at the tight end.
The interest rate on the whole loan is ...Already a subscriber? Login
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