Tag Archives: Bank of America Merrill Lynch

BAML closes highly profitable Taurus CMBS (updated)

Posted on May 8, 2013 3:55 pm by

Bank of America Merrill Lynch tightened pricing across the capital stack of the €1.07bn Taurus 2013 GMF 1 CMBS ahead of closing a profitable return to European securitisation. Between Wednesday lunchtime and thursday afternoon’s final closing, guidance pricing – over … Continue reading →

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BAML issues €1.07bn Taurus 2013 GMF 1 on Gagfah’s Woba portfolio

Posted on April 29, 2013 3:48 pm by
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Bank of America Merrill Lynch issued the five-tranche €1.07bn Taurus 2013 GMF 1 CMBS on Friday afternoon, secured by Gagfah’s 46,151-strong Dresden multi-family-focused “Woba” portfolio, in the first new issuance European CMBS of the year. BAML’s return new issuance has been … Continue reading →

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UBS, HSBC and BAML to syndicate £350m Intu Properties senior loan

Posted on March 8, 2013 2:28 pm by
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Intu Properties, the rebranded Capital Shopping Centres Group, has secured a £350m five-year senior loan equally split by UBS, HSBC and Bank of America Merrill Lynch (BAML), with a syndication kicking off on Monday of up to £200m. UBS, HSBC … Continue reading →

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Blackstone weighs up £200m Adelphi financing options

Posted on February 14, 2013 4:19 pm by
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Blackstone will decide on the composition of the £200m financing package early next week to fund its £265m acquisition of the Adelphi building just off the Strand, after seeking term sheets for both whole loan lenders and separate senior and … Continue reading →

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Part I: A definitive guide to Europe’s largest 2013 CMBS loan maturities

Posted on January 30, 2013 3:39 pm by

This is Europe’s biggest year yet for CMBS loan maturities with the endgame in sight for many of the largest securitisations issued on this side of the Atlantic. CoStar News reviews the 10 biggest and explores the likely outcomes. By … Continue reading →

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Optimism grows for European CMBS recovery next year

Posted on December 3, 2012 3:49 pm by
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European CMBS issuance will reach €5bn next year as investor demand finally recovers from the five consecutive years of stubbornly light deal flow, with the turning point establishing a new normal of between €5bn and €10bn per annum, Bank of … Continue reading →

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Morgan Stanley eyes return to European senior lending next year

Posted on October 30, 2012 3:31 pm by
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Morgan Stanley is considering a return to European real estate lending as soon as the first quarter of next year with a business plan under discussion internally which could pave the way for an origination model supported by partial syndication … Continue reading →

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CSC offers £350m in convertible bonds ahead of looming £2.2bn refi challenge

Posted on September 20, 2012 9:26 am by
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Capital Shopping Centres (CSC), the specialist UK regional shopping centre REIT, has become the latest listed property company to launch convertible bonds, seeking to raise up to £350m in six-year dated paper. The senior, unsecured bonds mature on 4 October … Continue reading →

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