trending Market Intelligence /marketintelligence/en/news-insights/trending/0EuSzXWfwgxIesaEKe1GvQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Freddie Mac prices offering of structured pass-through certificates

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


Freddie Mac prices offering of structured pass-through certificates

Freddie Mac priced an offering of about $801 million of structured pass-through certificates backed by floating-rate multifamily mortgages with 10-year terms.

The K-F62 certificates are set to settle on or about May 31.

The certificates will not be rated, and 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 2019-KF62 Mortgage Trust and 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-F62 certificates and which Freddie Mac will not guarantee.

Credit Suisse Securities (USA) LLC and BofA Securities Inc. are co-lead managers and joint book runners for the offering, while Drexel Hamilton LLC, Jefferies LLC, PNC Capital Markets LLC and Wells Fargo Securities LLC are co-managers.