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Citibank and Morgan Stanley’s successful Sponda securitisation sparks life back into CMBS market

Citibank and Morgan Stanley last week priced its jointly securitised loan to Blackstone to refinance Sponda at a blended coupon of 138 basis points, with the pricing and demand levels reviving market confidence in CMBS and leading to a flurry of new deals.
By James Wallace
April 24, 2018 | 5:04 P.M.

The current environment for CMBS issuance in Europe has been described as “the most compelling in over a decade”, leading to the announcement of a new Blackstone sponsored multi-borrower deal with Partners Group and expectations of further deals before the end of June.

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