Morgan Stanley Capital I Trust (MSC) 2019-L3

Pricing Date08-Nov-2019
Asset ClassCMBS Multi-borrower/conduit
Deal SizeUS$ 915.307m

Sponsor/Managers

  • Morgan Stanley

Lead Manager/Arrangers

  • Cantor Fitzgerald
  • KeyBank
  • Morgan Stanley

Tranches

Credit Ratings
Class Tranche Value US$(m) Retained Price Coupon C/E (%) WAL, yrs DBRS MSTAR Fitch Kroll Moodys MSTAR S&P
A-1 10.832 No S+45bp 2.17 30 3.1 AAA AAA AAA
A-2 8.819 No S+80bp 2.52 30 4.98 AAA AAA AAA
A-SB 23.582 No S+84bp 3.06 30 7.37 AAA AAA AAA
A-3 233 No S+92bp 2.87 30 9.82 AAA AAA AAA
A-4 409.024 No S+94bp 3.12 30 9.97 AAA AAA AAA
A-S 90.552 No S+130bp 3.49 20.75 9.98 AAA AAA AAA
B 51.395 No S+158bp 3.66 15.5 9.98 AA- AA AA-
C 42.828 No S+205bp 3.66 11.13 9.98 BBB BBB+ NR
D 25.696 No S+275bp 8.5 9.98 BBB BBB+ NR
E 19.579 No S+375bp 6.5 9.98 BBB- BBB- NR

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 5,837 16 13.42
2 Citi 5,404 19 12.43
3 Bank of America Merrill Lynch (BAML) 4,547 15 10.45
4 Barclays 3,604 13 8.29
5 Lloyds Bank 2,849 11 6.55

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 67.42 164 13.17%
2 Credit Suisse 50.88 125 9.94%
3 Citi 48.62 142 9.50%
4 Wells Fargo Securities 48.12 112 9.40%
5 BofA Securities 39.79 128 7.77%