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Goldman, Citigroup planning first 2012 commercial mortgage deal

Posted on 11 January 2012

Goldman Sachs Group Inc. and Citigroup Inc. are planning to market about $1 billion of bonds backed by commercial property loans as soon as next week as demand for the debt recovers amid optimism the U.S. economy can withstand Europe’s fiscal crisis.

The deal will probably be the first of its kind for 2012, according to people familiar with the offering, who declined to be identified because the transaction hasn’t been announced. The New York-based banks last sold similar debt in September, when they issued $1.7 billion in securities tied to shopping malls, hotel and office mortgages, according to data compiled by Bloomberg…………………………………….Full Article: Source


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