trending Market Intelligence /marketintelligence/en/news-insights/trending/bG9fhsVpt-NgSBUdLmwDKA2 content esgSubNav
In This List

Freddie Mac prices $1.4B offering of structured pass-through certificates

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Freddie Mac prices $1.4B offering of structured pass-through certificates

Freddie Mac priced an offering of about $1.4 billion of structured pass-through certificates, which are backed by multifamily mortgages.

The K-089 certificates are expected to settle on or about March 21 and are backed by corresponding classes issued by the FREMF 2019-K89 Mortgage Trust and guaranteed by Freddie Mac.

The K-89 trust will also issue certificates consisting of the class X2-A, class X2-B, class B, class C, class D and class R certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-089 certificates.

Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as co-lead managers and joint book runners for the offering, with BMO Capital Markets Corp., Cantor Fitzgerald & Co., Morgan Stanley & Co. LLC and The Williams Capital Group LP.