Freddie Mac Prices $930 Million Multifamily K-Deal, K-732

MCLEAN, Va., June 22, 2018 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 7-year terms. The company expects to issue approximately $930 million in K-732 Certificates, which are expected to settle on or about June 28, 2018.

K-732 Pricing

Class	Principal/Notional Amount (mm)	Weighted Average Life (Years)	Spread (bps)	Coupon	Yield	Dollar Price
A-1	$55.559	4.20	S + 15	3.6270%	3.0741%	$101.9986
A-2	$811.736	6.74	S + 35	3.7000%	3.2947%	$102.3376
A-M	$63.592	6.91	S + 42	3.7000%	3.3662%	$101.9540
X1	$867.295	6.58	Non-Offered
XAM	$63.592	6.91	Non-Offered
X3	$151.541	7.04	Non-Offered

Details

• Co-Lead Managers and Joint Bookrunners: Wells Fargo Securities, LLC and Credit Suisse Securities (USA) LLC
• Co-Managers: Academy Securities Inc., Citigroup Global Markets Inc., Jefferies LLC and J.P. Morgan Securities LLC
• Rating Agencies: Kroll Bond Rating Agency, Inc. and Moody’s Investors Service, Inc.

Related Links

• The K-732 preliminary offering circular supplement: http://www.freddiemac.com/mbs/data/k732oc.pdf
• Freddie Mac Multifamily Investor Presentation
• Multifamily Securities Investor Access database of post-securitization data from Investor Reporting Packages

The K-732 Certificates are backed by corresponding classes issued by the FREMF 2018-K732 Mortgage Trust (K-732 Trust) and guaranteed by Freddie Mac. The K-732 Trust will also issue Class B, C, D and R Certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-732 Certificates.