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Bondholders weigh up Vivaldi cashflow uncertainty in Deutsche Bank’s Blackstone-sponsored €343m Vivaldi CMBS

Securitisation is backed by three retail outlet villages with 25% of annual income due to expire within two years
By James Wallace
May 8, 2019 | 1:04 P.M.

Pricing for Deutsche Bank’s Blackstone-sponsored €342.9m CMBS, Vivaldi, is due next week, likely dictated by prospective bondholders’ comfort with near-term cashflow uncertainty in the context of the localised retail outlet sector in Northern Italy.

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