Blackstone CMBS defies ECB ban to price at tight end of talk
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Blackstone CMBS defies ECB ban to price at tight end of talk

Italy

Blackstone’s Italian CMBS Pietra Nera Uno was priced this week at the tight end of the 115bp-125bp price talk range for the senior tranche, despite a minor upset last Thursday as the European Central Bank (ECB) decreed that CMBS would be ineligible as repo collateral.

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