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First Aussie CMBS launches with no terrorist insurance: Diversification mitigates terror risk

ING Office Fund has launched the first commercial mortgage-backed securitization of the year, and it is the first CMBS deal in the Australian market to carry no terrorist insurance on the underlying real estate.

The A$408 million deal (U.S.$206.7 million), arranged and lead-managed by Westpac Institutional Bank with JP...

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