Citigroup and Goldman Sachs priced $652.3 million of commercial mortgage bonds via the CGCMT 2014-GC25 conduit wider than levels paid on the last deal to come to market on Oct. 9.

The conduit was rated by Moody’s Investors Service, Fitch Ratings, Kroll Bond Ratings and DBRS. The ‘Aaa’/ ‘AAA’/ ‘AAA’/ ‘AAA’, 10-year super senior notes priced at a spread of swaps plus 87 basis points, according to a deal document. That was four basis points wider than the super senior notes issued from last CMBS conduit to price, JP Morgan’s $1.3 billion conduit JPMBB 2014-C24.

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