BofA's CMBS touted as another positive sign for market

11/20/2009 | Financial Times (tiered subscription model) · Reuters

A recent $400 million sale of commercial-mortgage bonds by Developers Diversified Realty helped reopen the securitization market. Bank of America is planning a $460 million deal of commercial-mortgage bonds, but unlike the DDR deal, BofA's is not eligible for the Federal Reserve's Term Asset-Backed Securities Loan Facility. Insiders said the deal marks another positive sign for the commercial-mortgage market.

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Financial Times (tiered subscription model) · Reuters

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