trending Market Intelligence /marketintelligence/en/news-insights/trending/DKen6MevseXAZsx2AcOAww2 content esgSubNav
In This List

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

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


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

Freddie Mac priced an offering of approximately $1.2 billion of structured pass-through certificates, which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 10-year terms.

Expected to settle on or about Sept. 24, the K-097 certificates are backed by corresponding classes issued by the FREMF 2019-K97 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-097 certificates.

Wells Fargo Securities LLC and Citigroup Global Markets Inc. are acting as co-lead managers and joint book runners for the offering. Amherst Pierpont Securities LLC, Brean Capital LLC, J.P. Morgan Securities LLC and Samuel A. Ramirez & Co. Inc. are co-managers.