Freddie Mac Prices $796 million Multifamily K-Deal, K-1519

MCLEAN, Va., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily mortgage-backed securities. The company expects to issue approximately $796 million in K Certificates (K-1519 Certificates), which are expected to settle on or about January 21, 2021.

K-1519 Pricing

Class	Principal/Notional Amount (mm)		Weighted Average Life (Years)	Spread (bps)	Coupon		Yield		Dollar Price
A-1	$	142.500	9.28	S + 24	1.32000	%	1.31426	%	$	99.9927
A-2	$	654.251	14.80	S + 38	2.01300	%	1.77959	%	$	102.9881
X1	$	796.751	13.59	S + 135	0.61103	%	2.63569	%	$	6.9499
X3	$	64.601	14.68	S + 335	2.80008	%	4.69412	%	$	30.0349

Details

• Co-Lead Managers and Joint Bookrunners: Morgan Stanley & Co. LLC and BofA Securities, Inc.
• Co-Managers: Barclays Capital Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC and Loop Capital Markets LLC

Related Links

• The K-1519 Preliminary Offering Circular Supplement: http://www.freddiemac.com/mbs/data/0k1519oc.pdf
• Freddie Mac Multifamily Securitization Overview
• Multifamily Securities Investor Access database of post-securitization data from Investor Reporting Packages
  

The K-1519 Certificates are backed by corresponding classes issued by the FREMF 2021-K1519 Mortgage Trust (K-1519 Trust) and guaranteed by Freddie Mac. The K-1519 Trust will also issue certificates consisting of the Class X2-A, Class X2-B, Class C and Class R Certificates, which will not be guaranteed by Freddie Mac and will not back any class of K-1519 Certificates.