Blackstone Sells Biggest UK CMBS Since 2008 Financial Crisis

Blackstone Inc. sold more than £1.5 billion ($2 billion) in bonds backed by UK holiday parks operated by Haven, the largest ever pound-denominated commercial mortgage security since the 2008 financial crisis, according to a person with knowledge of the matter.

The CMBS accounts for about half of a broader refinancing package for Haven, said the person, who asked not to be identified discussing private information.