Morgan Stanley and Bank of America priced $1.27 billion of commercial mortgage backed securities, according to a regulatory filing.

The transaction, MSBAM 2013-C12, is collateralized by 72 fixed-rate commercial mortgage loans that are secured by 93 properties.

It includes six classes of note with triple-A rating from Fitch Ratings, Kroll Bond Rating Agency and Moody’s Investors Service. An $80.3 million tranche with a weighted average life (WAL) of 2.67 years yields 1.297%; a $161.2 million tranche with a WAL of 4.93 years yields 2.3427%; a $107.2 million tranche with a WAL of 7.27 years yields 3.824%; a $284.72 million tranche with a WAL of 9.81 years yields 3.9027% and a $52.59 million tranche with a WAL of 9.89 years yields 4.12%.

Pricing information on a $260 million triple-A class was not available.


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