SBA Communications Corp. this week priced an offering of $1.54 billion securitization of wireless tower lease payments.  

The deal, SBA Tower Trust, will issue $920 million of series 2014-1C securities with an anticipated repayment date of October 2019 that pay interest of 2.898% a year and $620 million of series 2014-2C securities with an anticipated repayment date of October 2024 that pay 3.869% a year. Both tranches have a preliminary ‘AAA’ rating from Fitch Ratings.

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