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Freddie Mac prices $794M offering of structured pass-through certificates

Freddie Mac priced an offering of approximately $794 million of structured pass-through certificates, which are backed by floating-rate multifamily mortgages.

The K-F55 certificates are set to settle on or about Dec. 20.

The certificates are backed by corresponding classes issued by the FREMF 2018-KF55 Mortgage Trust and guaranteed by Freddie Mac. The trust will also issue certificates consisting of class B, C and R certificates, which will not be guaranteed by Freddie Mac and will be subordinate to the classes backing the K-F55 certificates.

Wells Fargo Securities LLC and Nomura Securities International Inc. are acting as co-lead managers and joint book runners for the offering, while Barclays Capital Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and The Williams Capital Group LP are acting as co-managers.