trending Market Intelligence /marketintelligence/en/news-insights/trending/zYHjRiFgwf6nnZrVHa64Fw2 content esgSubNav
In This List

Freddie Mac prices $496M offering of structured pass-through certificates

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade

Blog

Middle East Africa MA by the Numbers: Q3 2021


Freddie Mac prices $496M offering of structured pass-through certificates

Freddie Mac has priced an offering of approximately $496 million in structured pass-through certificates, which are multifamily mortgage-backed securities.

The K-F26 certificates are backed by floating-rate multifamily mortgages with predominantly 10-year terms. The certificates are expected to settle on or about Dec. 23.

The certificates, which will not be rated, are backed by corresponding classes issued by the FREMF 2016-KF26 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-F26 certificates. The KF26 trust Class B, C and R certificates will not be guaranteed by Freddie Mac.

Credit Suisse Securities (USA) LLC will serve as lead manager and book runner. Academy Securities Inc., Merrill Lynch Pierce Fenner & Smith Inc., J.P. Morgan Securities LLC and Jefferies LLC will act as co-managers.