Bank of America Merrill Lynch priced a German multifamily CMBS, Taurus 2013 (GMF 1) plc, on Thursday, demonstrating some signs of life in a market that has seen little placed activity since 2007.

Investors oversubscribed the deal's class A, B, C and D notes. The €710 million, class A, triple-A notes with an average life maturity of 4.90-years priced at 105 basis points over the three-month Euribor according to a Deutsche Bank report.

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