Goldman Sachs International Bank and Societe General priced Italy’s first post-crisis CMBS backed by a loan secured on Italian retail properties, according to market reports.

The deal, Gallerie 2013, was assigned preliminary ratings by Fitch Ratings. It is structured with 4 tranches: the €271 million class A notes are rated ‘A’; the €50 million class B notes are rated ‘A-’, and the €42 million class C notes are rated ‘BBB-’.  

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