Citigroup and Wells Fargo are marketing $1.1 billion of commercial mortgage bonds with heavy exposure to retail property, according to a presale report published by Kroll Bond Ratings Agency.

The transaction, called Citigroup Commercial Mortgage Trust 2015-P1 (CGCMT 2015-P1), offers five tranches of tripled-A rated class A notes, totaling $691.5 million, that benefit from 30% credit enhancment.

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