Deutsche Bank and Credit Agricole has sold £750 million ($1.26 billion) of bonds backed by the Westfield shopping center at the tighter end of initial price guidance, according to a person familiar with the deal.

The single tranche transaction, STRAT 2014 was sold at 86 basis points over three month Libor. It was initially marketed at the 86-to-88 bps range. DBRS and Fitch Ratings assigned preliminary ratings of ‘AAA’ to the tranche.  

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