Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29 is a structured trust established in 2016 under the auspices of Bank of America, headquartered in Charlotte, North Carolina. The trust primarily focuses on managing and issuing mortgage-backed securities, providing investors with opportunities to engage in real estate debt investments with varying levels of risk and return.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| 3.33% 2049-05-17 USDMorgan Stanley Bank of America Merrill Lynch Trust 2016-C29 | United States | 2049-05-17 | 3.325 | — |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The trust has a notable history of bond issuances, with its first series launched shortly after its establishment in 2016, aimed at meeting the growing demand for diversified financial products. The 2016-C29 issuance has received attention for its competitive yields compared to industry averages, reflecting robust mortgage market conditions. Noteworthy features include enhanced credit quality, as the underlying assets include high-grade residential mortgage loans. As of recent reports, the bond's performance has been stable, capturing investor interest in a low-rate environment.