Citigroup, Goldman Offload $1.8 Billion of BioMed-Buyout Debt

  • Demand strong for deal linked to Blackstone's purchase of REIT
  • CMBS sale helps clear backlog of loans in struggling market

Citigroup Inc. and Goldman Sachs Group Inc. pulled off a sale of about $1.8 billion in bonds linked to Blackstone Group LP’s acquisition of BioMed Realty Trust Inc., clearing their books of loans that have been parked there for months.

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