JP Morgan and Barclays priced the final conduit of the year, JPMBB 2013-C17. The super senior, 10-year notes sold two basis points wide of recent pricing.
The notes priced at 95 basis points over swaps, within price guidance that was revised yesterday. The $1.1-billion transaction led by JPMorgan and Barclays(JPMBB 2013-C17) consists of 64 loans secured by 72 properties with a weighted average LTV of 66.3%
Wells Fargo and RBS priced the super-senior, triple-A class structured with a weighted average life of 10-year, from the conduit deal, WFRBS 2013-C18 at 93 basis points over swaps according to Standard & Poor’s. Deutsche Bank and Cantor Fitzgerald likewise, priced the 10-year, super-senior, triple-A notes from the COMM 2013-CCRE13 conduit deal at 93 basis points.
The Wells Fargo/RBS transaction is backed by a pool that consists of 67 loans secured by 73 properties with a weighted average loan-to-value (LTV) of 54.4%.