Freddie Macpriced a new offering of structured pass-through certificates backed by supplementalmultifamily mortgages.
The company said it plans to issue about $88 million in K certificatesthrough transactions that are expected to settle on or about July 28.
The certificates have the backing of corresponding classes issuedby the FREMF 2016-KJ06 mortgage trust, with Freddie Mac providing guarantee. Thetrust will also issue class B and R certificates, which will not back any classof K-J06 certificates or have Freddie Mac's guarantee.
Morgan Stanley is acting as lead manager and sole book runner.Academy Securities Inc. and Barclays Capital Inc. are acting as co-managers on theoffering.