Freddie Mac Prices $988 Million Multifamily K-Deal, K-109

MCLEAN, Va., May 22, 2020 (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 10-year terms. The company expects to issue approximately $988 million in K Certificates (K-109 Certificates), which are expected to settle on or about May 28, 2020.

K-109 Pricing

Class	Principal/Notional Amount (mm)		Weighted Average Life (Years)	Spread (bps)	Coupon		Yield		Dollar Price
A-1	$92.980		6.56	S + 54	1.03600	%	1.02738	%	$	99.9993
A-2	$766.185		9.80	S + 55	1.55800	%	1.22560	%	$	102.9925
A-M	$129.610		9.91	S + 60	1.28600	%	1.28092	%	$	99.9932
X1	$859.165		9.23	T + 400	1.70032	%	4.63783	%	$	11.9811
XAM	$129.610		9.66	T + 290	1.91582	%	3.56058	%	$	14.9492
X3	$80.171		9.66	T + 695	3.50182	%	7.61050	%	$	23.3036

Details