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Freddie Mac prices $1.1B structured pass-through certificates offering

Freddie Mac priced an offering of about $1.1 billion of structured pass-through certificates, backed by underlying collateral consisting of supplemental multifamily mortgages.

The K-066 certificates are expected to settle on or about Aug. 22.

The certificates are backed by corresponding classes issued by the the FREMF 2017-K66 Mortgage Trust and guaranteed by Freddie Mac. The trust will also issue certificates consisting of the class X2-A, X2-B, B, C, D and R certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-066 certificates.

Merrill Lynch Pierce Fenner & Smith Inc. and Wells Fargo Securities LLC are acting as co-lead managers and joint book runners for the offering. Cantor Fitzgerald & Co., Jefferies LLC, Morgan Stanley & Co. LLC, and Samuel A. Ramirez & Co. Inc. are serving as co-managers.