Citigroup plans to issue a $439.8 million single borrower CMBS transaction called CGCMT-375P.

Kroll Bond Ratings  assigned preliminary ratings to the deal. The capital structure will offer $75 million of class A notes rated ‘AAA’; $121.56 million of class B notes rated ‘A-‘; $67.83 million of class C notes rated ‘BBB-‘ ;and $66.5 million of class D notes rated ‘BB’. The structure will also offer $108.8 million of class E notes that have not been rated by Kroll.

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