Taurus lands ‘squairley’ with investors as all but one tranche tightens

By Graham Bippart
23 Apr 2015

Bank of America Merrill Lynch sold its securitization of a loan on a multi-use property called The Squaire near Frankfurt Airport, tightening pricing in from guidance on all but one tranche.

BAML, sole lead on Taurus 2015-2 DEU, priced the €153m triple-A rated ‘A’ class of bonds at 90bp over three month Euribor, in from the initial price thoughts of 95bp over.

The only tranche not to see tightening from initial levels was the €61.2m ‘B’ class, rated AA/Aa2 ...

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