Taurus priced as Deutsche starts Gondola bookbuild

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By Owen Sanderson
25 Jun 2014

Bank of America Merrill Lynch priced Taurus UK CMBS 2014-1 on Wednesday, as Deutsche Bank sent out IPTs on Deco 2014 Gondola, the first European multi-loan CMBS since the crisis.

Both deals push boundaries in the CMBS market and would have been almost unthinkable a year or so ago. 

Taurus pushes a boundary since it is backed by properties which are much further down the credit quality spectrum than the prime or multifamily buildings which have backed most ...

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