Morgan Stanley and Bank of America yesterday began marketing the second CMBS offering so far in 201l, according to a Dow Jones report.
The new deal comes after Deutsche Bank and UBS' $2.2 billion was announced amid what is shaping up to be a healthy CMBS calendar for 2011.
The Morgan Stanley/BofA deal offers $1.548 billion CMBS backed by 37 loans on 79 properties.
The bond has eight parts. The top four of the deal are rated triple-A. Fitch Ratings and Standard & Poor's have rated the deal.