trending Market Intelligence /marketintelligence/en/news-insights/trending/0cI_t8Q339m5imralCoh8g2 content esgSubNav
In This List

Freddie Mac prices $451M structured pass-through certificates offering


Latin American and Caribbean Market Considerations Blog Series: Focus on LGD


Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level


Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Freddie Mac prices $451M structured pass-through certificates offering

Freddie Mac has priced an offering of guaranteed structured pass-through certificates backed by loans on multifamily properties affordable to working households earning low to moderate incomes.

The company expects to issue about $451 million in K-certificates, which are expected to settle on or about March 30.

The K-W02 certificates are backed by corresponding classes issued by the FREMF 2017-KW02 Mortgage Trust and guaranteed by Freddie Mac. The trust will also issue certificates consisting of the class X2-A, X2-B, B, C and R certificates, which will not be guaranteed by the company and will not back any class of K-W02 certificates.

J.P. Morgan Securities LLC and Merrill Lynch Pierce Fenner & Smith Inc. are acting as the lead managers and book runners for the offering. Credit Suisse Securities (USA) LLC, Goldman Sachs & Co., Jefferies LLC and Stern Brothers & Co. are the co-managers.