Strong demand led to tight pricing on newly issued CMBS securities amid the marketing of $10 billion of bonds. Wells Fargo, Morgan Stanley, Bank of America and NCB priced the $1-billion conduit issue on June 14, with the super-senior, long-term AAA-rated bonds pricing at 64 basis points (bp) over … [Read more...] about 6.20.21: CMBS SPREADS CONTINUE TO TIGHTEN ON STRONG INVESTOR DEMAND
8.1.20: INVESTOR DEMAND STRONG FOR NEW CMBS LOANS
Two multi-borrower CMBS issues priced in July at the tightest spreads since the start of the COVID-19 pandemic. The offerings were a $1.1-billion offering led by Deutsche Bank, Citigroup, J.P. Morgan and Goldman Sachs (BMARK 2020-B18) and a $690.6-million offering led by Morgan Stanley and Barclays … [Read more...] about 8.1.20: INVESTOR DEMAND STRONG FOR NEW CMBS LOANS
