Investors put in bids for $2.28bn in loans to purchase so-called “legacy” commercial mortgage-backed securities (CMBS) on Thursday.

The bids, made through the Federal Reserve’s Term Asset-Backed Securities Loan Facility for CMBS, came in at 340% of the $668.94m of bids in the July 16th facility.

Comments: Be the first to add a comment

add a comment | go to forum thread