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CMA
June 29, 2018  

Sorin Sells Big Lot of Legacy CMBS

An unusually large amount of mezzanine conduit paper issued before the crash went up for grabs in the secondary market this week.The $103.1 million of bonds shopped by Sorin Capital of Stamford, Conn., consisted largely of commercial MBS paper that was originally issued with ratings ranging from double-A to triple-B. Word has it that multiple buyers picked up most of the notes in Tuesday’s auction, at prices that ranged from just below to...


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