Deutsche Bank AG (DBK) is preparing to market almost $500 million of bonds linked to rental payments from homes owned by Blackstone Group LP, according to a person with knowledge of the transaction.
The securities are expected to include a portion with an investment-grade ranking from at least one ratings firm, said the person, who asked not to be identified because terms aren’t public.
JPMorgan Chase & Co. and Credit-Suisse Group AG also are marketing the securities, the first of their kind backed by rental payments from single-family homes.
Reuters earlier today reported details of the transaction.
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