trending Market Intelligence /marketintelligence/en/news-insights/trending/pcd65qxne4g9lqatu1rjha2 content esgSubNav
In This List

Freddie Mac prices $1.3B in 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 $1.3B in structured pass-through certificates

Freddie Mac has priced an offering of $1.3 billion in structured pass-through K-F44 certificates backed by floating-rate multifamily mortgages with seven-year terms.

The certificates are expected to settle on or about March 26.

The certificates will include one senior principal and interest classes, one interest-only class and one class entitled to static prepayment premiums. The K-F44 certificates are backed by corresponding classes issued by the FREMF 2017-KF44 mortgage trust and guaranteed by Freddie Mac. The trust will also issue certificates consisting of class B, C and R certificates, which will be subordinate to the classes backing the K-F44 certificates and will not be guaranteed by Freddie Mac.

Wells Fargo Securities LLC and Credit Suisse Securities (USA) LLC are acting as co-lead managers and joint book runners. CastleOak Securities LP, Goldman Sachs & Co. LLC, Merrill Lynch Pierce Fenner & Smith Inc. and PNC Capital Markets LLC are the co-managers.