Goldman Sachs, Citigroup CMBS deal may be a sign of things to come

08/4/2010 | Bloomberg · Wall Street Journal, The

Goldman Sachs and Citigroup have sold $788.5 million of commercial mortgage-backed securities, most of which were backed by retail properties. The top-rated tranche of the multiple-borrower pool is $410.6 million, maturing in 9.86 years and yielding 135 basis points more than the benchmark swap rate, a source says. There was strong demand for the mix of investment-grade and high-yield classes, illustrating growing appetite for these securities.

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Bloomberg · Wall Street Journal, The

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