WSJ: RBS Readies CMBS Offering

Royal Bank of Scotland Group's real estate advisory business is expected to market a $500 million commercial mortgage backed security (MBS) offering this week, according to a report from the Wall Street Journal.

The deal, which the WSJ says is backed by refinanced loans, would be the first commercial mortgage bond transaction since December.

The transaction's term sheet has not yet been marketed to investors, the WSJ reports.

SOURCE: Wall Street Journal

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