Deco to close tight despite Fitch doubts
Deutsche Bank’s Deco 2011-CSPK CMBS was set to price on Friday at levels that market participants called exceptionally tight. The senior notes in the CMBS, the first single asset tranched CMBS since the crisis, are offered at 175bp over three month Libor — only 25bp outside where UK RMBS deals from Lloyds and Santander placed notes of similar maturity.
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