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     165  0 Kommentare Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-740

    MCLEAN, Va., Nov. 13, 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 $1.1 billion in K-740 Certificates, which are expected to settle on or about November 20, 2020.

    K-740 Pricing

    Class Principal/Notional
    Amount (mm)
    Weighted
    Average Life
    (Years)
    Spread
    (bps)
    Coupon Yield Dollar Price
    A-1 $59.300 4.11 S+17 0.5940% 0.5858% $99.9965
    A-2 $990.091 6.80 S+31 1.4700% 1.0009% $102.9980
    A-M $139.811 6.92 S+36 1.0700% 1.0626% $99.9938
    X1 $1,049.391 6.40 T+155 0.7612% 2.1146% $4.5831
    XAM $139.811 6.67 T+135 1.1117% 1.9480% $7.0655
    X3 $96.423 6.68 T+350 2.4817% 4.0989% $14.5083

    Details

    • Co-Lead Managers and Joint Bookrunners: Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLC
    • Co-Managers: BMO Capital Markets Corp., BofA Securities, Inc., J.P. Morgan Securities LLC and Multi-Bank Securities, Inc.
    • Rating Agencies: Moody’s Investors Service, Inc. and Kroll Bond Rating Agency, LLC

    Related Links

    The K-740 Certificates are backed by corresponding classes issued by the FREMF 2020-K740 Mortgage Trust (K-740 Trust) and guaranteed by Freddie Mac. The K-740 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-740 Certificates.

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    Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-740 MCLEAN, Va., Nov. 13, 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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