trending Market Intelligence /marketintelligence/en/news-insights/trending/n4mzon2j5wpku5hqmy5jpq2 content esgSubNav
In This List

Freddie Mac prices $667M offering of multifamily mortgage-backed certificates

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade


Freddie Mac prices $667M offering of multifamily mortgage-backed certificates

Freddie Mac has priced a $667 million offering of structured pass-through K-BX1 certificates.

The certificates, which are backed by multifamily mortgages for 13 properties across the western part of the U.S., include $263.1 million of class A1 securities and $404.1 million of class A2 securities. Both have coupons of 2.92%, are issued by the FREMF 2018-KBX1 Mortgage Trust and are guaranteed by Freddie Mac.

They are expected to settle on or about March 29.

J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the offering's co-lead managers and joint book runners. Cantor Fitzgerald & Co., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Multi-Bank Securities Inc. are co-managers.