Freddie Mac Prices $898 Million Multifamily K-Deal, K-F109

4/27/21

MCLEAN, Va., April 27, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The approximately $898 million in K Certificates (K-F109 Certificates) are expected to settle on or about May 7, 2021. The K-F109 Certificates are backed by floating-rate multifamily mortgages with 10-year terms, which are SOFR-based.

Details

  • Co-Lead Managers and Joint Bookrunners: Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
  • Co-Managers: Bancroft Capital, LLC, BofA Securities, Inc., Mizuho Securities USA LLC and Morgan Stanley & Co. LLC


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.

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