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BAML prices Erna €300m agency CMBS at 261 bps as Deutsche slims Vivaldi in hunt for closure

It is the first closure of five expected shortly in a busy summer for European CMBS
By James Wallace
May 20, 2019 | 2:27 P.M.

BAML has priced the €300m TPG Sixth Street Partners-sponsored agency CMBS transaction, called Erna, in the first closure of a busy pre-summer schedule for the European securitisation sector which could see as many as five deals close before the end of next month.

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News | BAML prices Erna €300m agency CMBS at 261 bps as Deutsche slims Vivaldi in hunt for closure