Deutsche Bank priced its first commercial mortgage securitization of the year on Thursday within priced guidance issued earlier in the week, according to a regulatory filing.

The deal, COMM 2014-CCRE14, issued $1.239 billion of securities backed by $1.377 billion of mortgages.

Fitch Ratings, Moody’s Investor Service and Morningstar assigned preliminary ‘AAA’/’Aaa’/ ‘AAA’ ratings to seven classes of notes.

The 9.72-year and 9.83-year triple-A’s structured with 30% credit enhancement priced at 85 and 87 basis points over swaps respectively. The notes were talked at the 88 basis point area and 90 basis point area.

Further down the curve, the double-A, 10-year class B notes priced at 165 basis points. The 10-year, single-A rated, 10-year class C notes priced at 210 basis points, 15 basis points tighter than price guidance.

Deutsche and Cantor Fitzgerald are joint bookrunning managers and co-lead managers; Natixis Securities, Nomura and CastleOak Securities are co-managers.

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