trending Market Intelligence /marketintelligence/en/news-insights/trending/iuocxiz9jn7rgrvwmk8eiq2 content esgSubNav
In This List

Freddie Mac prices $248M offering of structured pass-through certificates

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks

Blog

Anticipate the Unknown A Fundamentals Approach to Detect Early Signs of Private Company Credit Deterioration


Freddie Mac prices $248M offering of structured pass-through certificates

Freddie Mac has priced a $248 million offering of structured pass-through certificates, backed by underlying collateral consisting of supplemental multifamily mortgages.

The K certificates are expected to settle around Sept. 17.

The K-J21 certificates are backed by corresponding classes issued by the FREMF 2018-KJ21 Mortgage Trust and guaranteed by Freddie Mac. The trust will also issue class B and class R certificates, which Freddie Mac will not guarantee.

Merrill Lynch Pierce Fenner & Smith Inc. is acting as lead manager and sole book runner. Brean Capital LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Stern Brothers & Co. are acting as co-managers.