Freddie Mac Prices $1 Billion Multifamily K-Deal Backed by Seasoned Loans

MCLEAN, VA--(Marketwired - Nov 16, 2017) - Freddie Mac (OTCQB: FMCC) recently priced a K-P Series 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-P04 Certificates), which are expected to settle on or about November 28, 2017.

The K-P04 Certificates are guaranteed by Freddie Mac and are backed by 21 seasoned multifamily mortgages from the company's retained portfolio. In the K-P Series, Freddie Mac purchases and guarantees all of the securities issued by the related underlying trusts. 

K-P04 Pricing

Class		Principal / Notional Amount (mm)		Weighted Average Life (Years)		Discount Margin		Coupon		Dollar Price
A-G1		$500.000		2.66		22		1 mo LIBOR + 22		$100.0000
A-G2		$500.000		1.91		20		1 mo LIBOR + 20		$100.0000
X-G1		$500.000		2.66		Not Offered
X-G2		$500.000		1.91		Not Offered

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