Citigroup and Goldman Sachs priced an offering of $989.54 million of commercial mortgage backed securities, according to a regulatory filing.

Drexel Hamilton and RBS Securities co-managed on the conduit, which is called CGCMT 2013-GC15

There are five tranches of noted rated triple-A by Moody’s Investors Service, Fitch Ratings and Dominion Bond Rating Service. A $57.35 million class with a weighted average life (WAL) of 2.55 years priced at 60 basis points over swaps;

A $236.85 million class with a WAL of 4.9 years priced at swaps plus 73 basis points;

A $264.19 million class with a WAL of 9.89 years priced at swaps plus 103 basis points;

A $72.22 million class with a WAL of 7.42 years priced at swaps plus 95 basis points;

And a $94.79 million class with a WAL of 9.94 years priced at swaps plus 130 basis points.

In a presale report, Fitch noted that the conduit has one of the “more diversified pools, by loan size and exposure, since 2008.” The top 10 loans represent 38.1% of the pool, well below the 54.3% average for Fitch-rated transactions from 2012 through June 2013.

Retail properties represent the highest concentration of the pool at 32.4%; mixed-use properties are the second highest at 15.9%.

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