Freddie Mac Prices $1 Billion Multifamily K-Deal, K-129
MCLEAN, Va., June 10, 2021 (GLOBE NEWSWIRE) Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms. The company expects to issue approximately $1 billion in K Certificates (K-129 Certificates), which are expected to settle on or about June 17, 2021.
K-129 Pricing
Co-Lead Managers and Joint Bookrunners: Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC
Co-Managers: Mizuho Securities USA LLC, Multi-Bank Securities, Inc., NatAlliance Securities, LLC and Wells Fargo Securities, LLC
Rating Agencies: Fitch Ratings, Inc. and DBRS, Inc.
Freddie Mac Prices $849 Million Multifamily K-Deal, K-F110 marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Freddie Mac Prices $1.4 Billion Multifamily K-Deal, K-128
MCLEAN, Va., April 22, 2021 (GLOBE NEWSWIRE) Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms. The company expects to issue approximately $1.4 billion in K Certificates (K-128 Certificates), which are expected to settle on or about April 29, 2021.
K-128 Pricing
Co-Lead Managers and Joint Bookrunners: Morgan Stanley & Co. LLC and Cantor Fitzgerald & Co.
Co-Managers: Brean Capital, LLC, Citigroup Global Markets Inc., Samuel A. Ramirez & Company, Inc. and Wells Fargo Securities, LLC
Rating Agencies: Fitch Ratings, Inc. and DBRS, Inc.
Freddie Mac Prices $937 Million Multifamily K-Deal, K-F108 apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
The K-1520 Certificates are backed by corresponding classes issued by the FREMF 2021-K1520 Mortgage Trust (K-1520 Trust) and guaranteed by Freddie Mac. The K-1520 Trust will also issue certificates consisting of the Class X2-A, Class X2-B, Class C and Class R Certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-1520 Certificates.
Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities. K-Deals are part of the company s business strategy to transfer a portion of the risk of losses away from taxpayers and to private investors who purchase the unguaranteed subordinate bonds. K Certificates typically feature a wide range of investor options with stable cash flows and structured credit enhancement.