trending Market Intelligence /marketintelligence/en/news-insights/trending/qWNqMvgDWyaenasI6JNIIg2 content esgSubNav
In This List

Freddie Mac prices $720M offering of structured pass-through certificates

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Freddie Mac prices $720M offering of structured pass-through certificates

Freddie Mac priced an offering of approximately $720 million of structured pass-through certificates, which are multifamily mortgage-backed securities.

The K-SL1 certificates are set to settle on or about Dec. 28.

The certificates are backed by corresponding classes issued by the FREMF 2018-KSL1 Mortgage Trust and guaranteed by Freddie Mac. The trust will also issue class B, C and R certificates, which will be subordinate to the classes backing the K-SL1 certificates and will not be guaranteed by Freddie Mac.

J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are acting as co-lead managers and joint book runners for the offering, with Barclays Capital Inc., Jefferies LLC, Morgan Stanley & Co. LLC and Stern Brothers & Co. as co-managers.