Marketing begins on CMBS from Tyndall Meridian Trust

Aussie listed property trust looks to raise A$112 million from first securitization.

Tyndall Meridian Trust TMT, a listed property trust with interests in 28 commercial properties located throughout Australia, is set to tap the securitization markets for the first time with an A$112 million $62.9 million commercial mortgage backed CMBS deal.

A banker at Westpac, sole lead manager on the transaction, says that presentations have been made to investors and hopes pricing will happen either at the end of this week, or most likely early next.

The bonds, to be issued...

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