Deutsche Bank and UBS priced the $2.2 billion CMBS deal it began marketing earlier this year. It's the first CMBS offering so far this year.

The offering is backed by loans on office buildings, shopping malls and hotels. The banks reportedly placed their transaction's B-pieces with BlackRock last month.

According to a Dow Jones report the  $1.1 billion triple-A rated, 4.62-year tranche priced at 115 basis points over swaps to yield 3.51%. The $459 million, triple-A rated, 9.7-year part sold at 120 basis points over swaps to yield 4.91%, with portions of the deal was reportedly three times oversubscribed.

 

 

 

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