Citigroup is readying $1.2 billion of commercial mortgage bonds backed by 58 loans secured by 104 properties, according to rating agency reports.

The deal, dubbed CGCMT 2016-GC36, will issue super senior notes rated triple-A by Kroll Bond Rating Agency and Fitch Ratings that benefit from credit enhancement of 30%; the so-called junior-A notes, which benefit from 25% credit enhancement, are also rated triple-A.

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