A nearly $998-million bundle of commercial mortgage-backed securities priced recently, according to a Friday filing with the Securities and Exchange Commission. 

Split into eight tranches, the transaction had three joint bookrunners: Goldman, Sachs & Co., Citigroup Global Markets, and Jefferies. Drexel Hamilton and RBS Securities acted as co-managers.

The results (below) were wide of recent price talk on the deal. 

Pricing on each tranche was as follows. The spread is over swaps.

Class  Size($m) Coupon Spread   Yield     $Px

A-1    52.945     1.270   S+65    1.262   99.99763A-2    231.715   3.033   S+90    2.372   102.99882A-3    105.000   4.244   S+106   3.895  102.99380A-4    326.509   4.272   S+108   3.924  102.99911A-AB   77.672    3.814   S+103   3.365  102.99940A-S    92.142     4.653   S+145   4.306  102.99667B       72.296     5.161   S+195   4.815  102.99332C       39.693     5.323   S+255   5.415  100.22265More details on each tranche below.Class  Moody's/DBRS/KBRA      WAL(yr)* C/E**      

A-1    Aaa(sf)/AAA(sf)/AAA(sf)   2.65    30.000%   A-2    Aaa(sf)/AAA(sf)/AAA(sf)   4.85    30.000%   A-3    Aaa(sf)/AAA(sf)/AAA(sf)   9.81    30.000%   A-4    Aaa(sf)/AAA(sf)/AAA(sf)   9.86    30.000%   A-AB  Aaa(sf)/AAA(sf)/AAA(sf)    7.44    30.000%   A-S    Aaa(sf)/AAA(sf)/AAA(sf)    9.92    21.875%   B       Aa3(sf)/AA(low)(sf)/AA-(sf) 9.97  15.500%   C       A3(sf)/A(low)(sf)/A-(sf)      9.97  12.000%   *Weighted average life

**Credit enhancement 

 

 

 

 

 

 

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