Bank of America Merrill Lynch is bringing the third deal of the year from its Taurus CMBS shelf, with the transaction this time around backed by UK student housing. The £232.22m deal references Libor, like its predecessor Taurus 2019-2. CMBS has been a laggard compared to much of the rest of the UK securitization market, which has switched over Sonia, the replacement rate for sterling Libor. Taurus 2019-3 is offering a 4.7 year triple-A tranche with ...
uk is negotiating its third deal this year under the uk plc banner . The £ 232.22 m ( $ 289.34 million ) UK student housing backed deal will reference LIBOR , unlike much of the UK securitisation scheme , which has migrated to SONIA .