trending Market Intelligence /marketintelligence/en/news-insights/trending/U-x-Thw1mvoQJAZuefgRpg2 content esgSubNav
In This List

Freddie Mac prices $717M offering of structured pass-through certificates

Blog

Balance Sheet Strategy in an Unusual Rate Environment

Blog

Investors' Views of the Industry Today & the Outlook for Tomorrow

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


Freddie Mac prices $717M offering of structured pass-through certificates

Freddie Mac priced an offering of approximately $717 million of structured pass-through certificates, which are multifamily mortgage-backed securities.

Expected to settle on or about Oct. 24, the K-1513 certificates are backed by corresponding classes issued by the FREMF 2019-K1513 Mortgage Trust and guaranteed by Freddie Mac. The trust will also issue certificates consisting of class B, C and R certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-1513 certificates.

Wells Fargo Securities LLC and Credit Suisse Securities (USA) LLC are the co-lead managers and joint book runners for the offering. J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Nomura Securities International Inc. and Stern Brothers & Co. are co-managers.