Freddie Mac Prices $1 Billion Multifamily K-Deal Backed by 19 California Properties Controlled by The Irvine Company

MCLEAN, VA--(Marketwired - May 5, 2016) -  Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily mortgage-backed securities. The company expects to issue approximately $1 billion in K Certificates (K-IR1 Certificates), which are backed by 19 properties located in California and indirectly controlled by The Irvine Company LLC. The K-IR1 Certificates are expected to settle on or about May 11, 2016.

K-IR1 Pricing

Class		Principal/ Notional Amount (mm)		Weighted Average Life (Years)		Spread (bps)		Coupon		Yield		Dollar Price
A-1		$225.200		5.35		S + 70		2.446%		2.02166%		$101.9999
A-2		$815.709		9.87		S + 78		2.849%		2.49786%		$102.9943
X		$578.283*		8.79		T + 300		1.238%		4.68719%		$7.9231
* Reflects 50% of class notional amount

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