CMBS bond issuance down 92% in January-February period

04/11/2008 | Financial Week

Issuance of commercial mortgage-backed securities bonds has stalled as a result of the credit crunch. Barely $6 billion of the bonds came to market in the first two months of the year, down from $81 billion a year ago. CMBS had been the backstop that fueled growth in the commercial real estate market.

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