Wells Fargo and RBS priced the $785.7 million, WFRBS 2013-C13 fixed rate CMBS conduit yesterday at tighter spread levels than earlier April prints.

Fitch Ratings and Moody’s Investors Service assigned preliminary ratings on the deal. The class A-1, ‘AAA’/ ‘Aaa’ notes with an average life maturity of 2.6-years priced at 33 basis points over swaps; the class A-2 ‘AAA’/ ‘Aaa’ with an average life maturity of 4.86-years priced at 48 basis points; the class A-4, ‘AAA’/ ‘Aaa’ notes with an average life maturity of 9.93-years priced at 81 basis points over swaps; the class A-SB, ‘AAA’/ ‘Aaa’ notes with an average life maturity of 7.43-years priced at 80 basis points over swaps; and the class A-S, ‘AAA’/ ‘Aaa’ notes with an average life maturity of 9.93-years priced at 115 basis points over swaps.

Just last week spreads on the 2.67-year class A-1 notes for the UBS/Barclays UBS-BB 2013-C6 deal priced at 35 basis points over swaps; the 4.93-year class A-2 notes priced at 55 basis points; the 9.73-year class A-3 notes priced at 96 basis points; the 7.27-yeat class A-SB notes priced at 90 basis points; and the 9.98-year, A-S notes priced at 120 basis points, according to a pricing document.

The capital structure for WFRBS 2013-C13 also offered ‘A-’/ ‘Aa3’ rated class B notes with a weighted average life of 9.98-years that priced at 135 basis points; and class C notes that are rated ‘A-’ / ‘A3’ with a weighted average life of 10.02-years that priced at 170 basis points.  The structure also issued $32.8 million of 10-year, class D notes, rated ‘BBB-’/ ‘Baa3’ that were privately placed.

Wells Fargo/RBS priced WFRBS Commercial Mortgage Trust 2013-C12 in early March. The 2.67-year, ‘AAA’ notes on that deal yielded 25 basis points over their benchmark; the 4.87 year, ‘AAA’ notes priced at 50 basis points; and the 9.92 year ‘AAA’ notes priced at 85 basis points.

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