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 ...
BAML is issuing its third deal this year under the Taurus CMBS banner. The first was with Bank of America Merrill Lynch in May and the second was last month with JPMorgan Chase.