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.

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