Deutsche Bank and Cantor Fitzgerald priced the $1.2 billion COMM 2015-LC19 several basis points tighter than the last commercial-backed mortgage security (CMBS) conduit to price.

The benchmark, 10-year, super-senior notes priced at a spread of swaps plus 91 basis points, according to a pricing document. The notes priced four basis points inside of Morgan Stanley/ Bank Of America Merrill Lynch’s  $1.1 billion transaction, MSBAM 2015-C20, which priced last week.

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