Banks prepare billions worth of CMBS sales, sources say

01/4/2011 | Bloomberg

Deutsche Bank, JPMorgan Chase and UBS are preparing the first bond sales in 2011 tied to commercial mortgages, sources said. JPMorgan plans to sell $1.5 billion in commercial mortgage-backed securities, while Deutsche Bank and UBS are partnering to issue $2.5 billion in bonds. Both offerings are scheduled for February.

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