trending Market Intelligence /marketintelligence/en/news-insights/trending/-sPv2j4BaMPBDSNrRVMLJQ2 content esgSubNav
In This List

Freddie Mac prices $1.1B structured pass-through certificates offering

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Freddie Mac prices $1.1B structured pass-through certificates offering

Freddie Mac has priced an about $1.1 billion offering of its structured pass-through K-F43 certificates backed by floating-rate multifamily mortgages.

The securities are expected to settle on or about March 6.

The certificates will include one senior principal and interest class, one interest-only class, and one class entitled to static prepayment premiums. The certificates are backed by corresponding classes issued by the FREMF 2017-KF43 mortgage trust and are guaranteed by Freddie Mac. The trust will also issue certificates consisting of the class B, C and R certificates, which will be subordinate to the classes backing the K-F43 certificates and will not be guaranteed by the company.

Merrill Lynch Pierce Fenner & Smith Inc. and Barclays Capital Inc. are co-lead managers and joint book runners for the offering. Cantor Fitzgerald & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Samuel A. Ramirez & Co. Inc. are co-managers.