Wave of supply weighs on primary, secondary CMBS markets

By Max Adams
09 Sep 2015

Investors in both CMBS primary and secondary markets are bracing themselves for a glut of issuance this month, as numerous factors are conspiring to potentially drive spreads out further than the two-year wides seen in August.

Price guidance for the super senior triple-A and triple-B slice of BACM 2015-UBS7 came in late Thursday at 120bp-122bp over swaps and 450bp over swaps area, respectively. Joint leads Bank of America and UBS are said to be looking to price the deal on Friday. Early talk for ...

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