Morgan Stanley and Bank of America have pre-marketed $1.3 billion of commercial mortgage backed securities dubbed MSBAM 2014-C14 according to deal term sheet filed with the Securities and Exchange Commission.

The deal, which has been assigned preliminary ratings by Fitch Ratings, Moody’s Investors Service and DBRS, will offer six tranches of triple-A rated bonds structured with 30% credit enhancement.  Also on offer is a triple-A rated interest-only tranche.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.