Morgan Stanley and Bank of America priced its $1.23 billion commercial mortgage-backed securitization conduit, series 2013-C7 at strong levels.

At closing, the deal’s $102.2 million of class A-1, triple-A rated notes had a weighted average life of 2.64 years; $135.7 million of class A-2, triple-A rated notes had a weighted average life of 4.94 years; $111.6 million of class A-AB, triple-A rated notes had a weighted average life of 7.45 years; $466.3 million of class A-4, triple-A rated notes had a weighted average life of 9.85 years; $123.7 million of class A-S, triple-A rated notes had a weighted average life of 9.96 years; $85.3 million of class B, double-A rated notes had a weighted average life of 9.96 years; and $52.2 million of class C, single-A rated notes had a weighted average life of 9.96 years.

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