Two similar commercial mortgage-backed securities deals being marketed last week across Canada have created a glut of supply, which forced one transaction to postpone pricing.

A C$189.5 million offering from Solar Trust via lead TD Securities was originally scheduled to price Oct. 11, but has been pushed back to sometime this week. A C$251 million deal from N-45 First CMBS Issuer Corp. with assets from Case-New Holland as collateral was scheduled to price last Friday, though at press time, no details were available. Scotia Capital Markets was serving as lead underwriter for the N-45 deal.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.