BAML sells ‘Project Moon’ UK CMBS to 15 investors

Bank of America Merrill Lynch sold its £211.5m Taurus CMBS UK 2014-1 yesterday to 15 investors, with the class A notes tightening to 140 basis points over three month Libor. Europe’s second new CMBS this year to  price and close was oversubscribed twice overall.  Initial guidance had been 150 bps for the class As (up to […]