Goldman Sachs International priced a €200 million ($270 million) Italian commercial mortgage securitization dubbed Moda 2014 that is backed by two loans that are secured on retail outlets and shopping centres.

DBRS and Fitch Ratings assigned preliminary ratings to the deal. The capital structure features €145 million of single-A rated 4.7-year, class A notes, that priced at 148 basis points over three month euribor and €14.6 million of single-A rated, 4.7-year, class B notes that priced at 190 basis points over three month Euribor, according to Standard & Poor’s.

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