Freddie Mac Prices $999 Million Multifamily K-Deal, K-739

Nachrichtenquelle: globenewswire
29.10.2020, 19:49  |  138   |   |   

MCLEAN, Va., Oct. 29, 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 7-year terms. The company expects to issue approximately $999 million in K-739 Certificates, which are expected to settle on or about November 5, 2020.

K-739 Pricing

Class Principal/Notional
Amount (mm)
Weighted
Average Life
(Years)
Spread
(bps)
Coupon Yield Dollar Price
A-1 $80.979 4.11 S+18 0.5210% 0.5132% $99.9991
A-2 $796.747 6.64 S+32 1.3360% 0.8592% $102.9953
A-M $121.532 6.89 S+37 0.9370% 0.9302% $99.9952
X1 $877.726 6.16 T+165 1.2882% 2.1230% $7.3479
XAM $121.532 6.64 T+155 1.6120% 2.0750% $9.9819
X3 $81.021 6.64 T+375 2.8490% 4.2751% $16.3832

Details

  • Co-Lead Managers and Joint Bookrunners: Wells Fargo Securities, LLC and Deutsche Bank Securities Inc.
  • Co-Managers: Academy Securities, Inc., Barclays Capital Inc., Mizuho Securities USA LLC and Morgan Stanley & Co. LLC
  • Rating Agencies: Fitch Ratings, Inc. and DBRS, Inc.

Related Links

The K-739 Certificates are backed by corresponding classes issued by the FREMF 2020-K739 Mortgage Trust (K-739 Trust) and guaranteed by Freddie Mac. The K-739 Trust will also issue certificates consisting of Class X2-A, Class X2-B, Class D and Class R Certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-739 Certificates.

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Freddie Mac Prices $999 Million Multifamily K-Deal, K-739 MCLEAN, Va., Oct. 29, 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 …

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