trending Market Intelligence /marketintelligence/en/news-insights/trending/od1ldM42ZmsOlnuDArCjLA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Freddie Mac prices $908M of structured pass-through certificates offering

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Freddie Mac prices $908M of structured pass-through certificates offering

Freddie Mac priced an offering of $908 million in structured pass-through certificates backed by floating-rate multifamily mortgages with seven-year terms.

The K-F60 certificates are anticipated to settle on or about March 28.

The certificates are backed by corresponding classes issued by the FREMF 2019-KF60 Mortgage Trust and guaranteed by Freddie Mac. The certificates will not be rated, and will include one senior principal and interest class, one interest-only class and one class entitled to static prepayment premiums.

In addition, the trust will issue class B, C and R certificates, which will be subordinate to the classes backing the K-F60 certificates and will not be guaranteed by Freddie Mac.

Morgan Stanley & Co. LLC and Cantor Fitzgerald & Co. are acting as co-lead managers and joint book runners, and Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Drexel Hamilton LLC and PNC Capital Markets LLC are co-managers for the offering.