BAML’s Taurus deal a struggle amid volatility concerns

By David Bell
24 Sep 2015

A long awaited multi-jurisdictional CMBS from Bank of America Merrill Lynch was priced in line with expectations on Wednesday but perception of the deal's success was mixed.

The senior tranche of the Taurus 2015-3 EU DAC deal was priced at 165bp over three-month Euribor. It was reduced from an initial €73.8m to a final size €60.9m. One analyst said that “appetite for this deal was not great".

The portfolio backing the deal has a combined ...

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