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.