Deutsche Bank Sells $856.6 Million in Mortgage Bonds
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Deutsche Bank AG sold $856.6 million in bonds backed by commercial property mortgages, the eighth sale of its kind this year as Wall Street revives the market for debt tied to shopping centers and office buildings.
The top-rated portion maturing in 9.62 years yields 140 basis points more than the benchmark swap rate, according to a person familiar with the sale who declined to be identified because terms aren’t public. The largest top-ranked slice, maturing in 4.41 years, pays 130 basis points more than the swap rate.