Freddie Mac Prices $1 Billion Multifamily K-Deal, K-056

MCLEAN, VA--(Marketwired - Jul 29, 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-056 Certificates), which are expected to settle on or about August 10, 2016. This offering includes two new classes of K Certificates: Class A-M and Class XAM.

"Today's announcement features the addition of the A-M and XAM classes and demonstrates Freddie Mac's commitment to innovate and enhance the K-Deal program to ensure a continuous flow of capital for a dynamic multifamily housing market," said Robert Koontz, vice president of Multifamily Capital Markets at Freddie Mac.

K-056 Pricing

Class		Principal/ Notional Amount (mm)		Weighted Average Life (Years)		Spread (bps)		Coupon		Yield		Dollar Price
A-1		$164.761		6.54		S + 59		2.2000%		1.8566%		$101.9971
A-2		$798.687		9.65		S + 73		2.5250%		2.1715%		$102.9945
A-M		$51.640		9.79		S + 79		2.5880%		2.2384%		$102.9913
X1		$963.448		8.84		T + 210		1.4009%		3.5498%		$9.8399
XAM		$51.640		9.54		Not Offered
X3		$82.623*		9.60		T + 575		2.1803%		7.2427%		$14.7734

*50% of the Class X3 notional size