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BAML indicative CMBS price suggests 190 bps blended coupon

Bank of America Merrill Lynch (BAML) has launched indicative pricing for its second European CMBS of the year, the securitisation of a €229.9m five-year senior loan extended to Canada’s Dream Global REIT to acquire a predominantly German office portfolio, which implies a blended coupon of circa 190 basis points for the conservatively-leveraged transaction.
CoStar News
May 9, 2016 | 7:00 P.M.

BAML’s indicative pricing, if achieved, would imply a modest profit after running costs on the loan which was originated at 225 bps.

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