Citi and Macquarie hired to lead China's first dollar CMBS
As Asia's international ABS market begins to warm up once more, China takes first step into the offshore market.
Citigroup and Macquarie Bank have been mandated for a $145 million floating rate commercial mortgage backed securities CMBS note for issuer Dynasty Assets. Citigroup is the sole bookrunner, while Macquarie is the co-manager for the deal, which has a maturity of 2.75 years.
The transaction is the first dollar-denominated CMBS backed by properties in the PeopleÆs Republic of China PRC.
The borrower is Dynasty Property Investment Holdings, a Bermuda incorporated financing subsidiary owned by Macquarie Wanda Real Estate Fund...
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