The number of deals premarketing continues to grow with the addition of two top-tier names. Joint leads Bear Stearns and Morgan Stanley are making the rounds with their $900 million TOP-4 issue and Credit Suisse First Boston posted structure for its $944 million conduit as well. Both issues are expected to launch and price this week and should wrap up quickly once the Bank of America conduit comes to market. That issue has been shopped around for over a week, and has restructured the triple-A classes. What was four fixed and one floating-rate tranche are now two fixed and one floating. The issue at the time of this writing was expected to price last Friday.
Other deals that were in the works included the JPMorgan $114 million displaced loan transaction, Greenwich Capital's floater, and a $1.8 billion mall property issue for General Growth Properties via joint leads Lehman Brothers and Goldman Sachs. The Greenwich issue has launched and was expected to price last Thursday.