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Lennar CMBS CDO kicks off roadshow

Investors report Deutsche Bank Securities is getting ready to kick-off the European roadshow this week for Lennar Corp.'s $800 million notional static pool cashflow CMBS backed CDO.

Pricing is anticipated for mid-to-late June. Sources expect the triple-As will be offered in the 48-50 basis point over one-month Libor range.

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