Developers Diversified to issue $400 mln TALF CMBS
NEW YORK |
NEW YORK Nov 9 (Reuters) - Developers Diversified Realty Corp (DDR.N) is selling $400 million of debt in the first new commercial mortgage bond to be sold under the Federal Reserve's emergency loan program to boost lending.
Goldman Sachs is underwriting the deal, which includes five-year fixed-rated debt, market sources said on Monday. (Reporting by Nancy Leinfuss and Al Yoon; Editing by James Dalgleish)
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