Wells Fargo and the Royal Bank of Scotland are joint bookrunners on a $1.3 billion CMBS conduit transaction that is collateralized by 98 fixed rate commercial mortgage loans that are, in turn, secured by 142 properties.

The deal, WFRBS 2014-C20, will be rated by Kroll Bond Rating Agency (KBRA). KBRA expects to rate 19 classes of notes issued under the capital structure. The chart below outlines how the tranches are sized and their respective KBRA rating.

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