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Summer of CMBS: Morgan Stanley prices £235m Scorpio UK industrial CMBS, with four deals worth €1bn sold in last 10 days

Morgan Stanley prices Scorpio at a blended coupon of 176 bps, relative to 215 bps loan margin
By James Wallace
May 29, 2019 | 1:35 P.M.

Morgan Stanley has priced the £235m Scorpio UK industrial portfolio backed CMBS, Scorpio, sponsored by Blackstone and M7 Real Estate, at a blended coupon of 176 basis points, in a transaction that means more than €1bn of securitised bond sales in four deals have completed within the last 10 days.

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News | Summer of CMBS: Morgan Stanley prices £235m Scorpio UK industrial CMBS, with four deals worth €1bn sold in last 10 days