trending Market Intelligence /marketintelligence/en/news-insights/trending/3uvbkds-k4jcgvZWk65FlA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Freddie Mac prices $1.2B structured pass-through certificates offering

Blog

Banking Essentials Newsletter - February Edition, Part 2

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Freddie Mac prices $1.2B structured pass-through certificates offering

Freddie Macsaid April 4 that it priced a new offering of structured pass-through certificates,which are multifamily mortgage-backed securities.

The company expects to issue approximately $1.2 billion in K-LH3certificates, which are backed by 27 properties indirectly controlled by Lone StarReal Estate Fund IV (U.S.) LP. The certificates are expected to settle on or aboutApril 15.

The certificates include one senior principal and interest classand one interest-only class. The certificates are backed by corresponding classesissued by the FREMF 2016-KLH3 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-LH3 certificates and willnot be guaranteed by Freddie Mac.

Goldman Sachs & Co. and Wells Fargo Securities LLC are co-leadmanagers and joint book runners. Barclays Capital Inc., Citigroup Global CapitalMarkets Inc., Jefferies LLC and Stern Brothers & Co. are co-managers.