Developers Diversified Realty Corp. (DDR) is selling $400 million of debt in the first deal to be sold under the Federal Reserve's Term ABS Loan Facility (TALF) new-issue CMBS program, according to published reports.

Goldman Sachs is underwriting the deal, which includes five-year fixed-rated debt, market sources said on Monday.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.