Freddie Mac Prices $603 Million Multifamily K-G Deal, K-G05

MCLEAN, Va., March 04, 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 $603 million in K Certificates (K-G05 Certificates), which are expected to settle on or about March 11, 2021.

K-G Deals are the environmental and social impact series of Freddie Mac’s K-Deal program. They exclusively securitize loans made through the company’s Green Advantage program.

K-G05 Pricing

Class	Principal/Notional Amount (mm)		Weighted Average Life (Years)	Spread (bps)	Coupon	Yield	Dollar Price
A-1	$39.500		6.98	S+8	1.23400%	1.22502%	$99.9986
A-2	$564.128		9.77	S+20	2.00000%	1.65863%	$102.9949
X1	$603.628		9.35	T+110	0.40238%	2.50135%	$2.8046
X3	$48.943		9.62	T+300	2.70225%	4.43170%	$20.6038

Details

• Co-Lead Managers and Joint Bookrunners: Citigroup Global Markets Inc. and J.P. Morgan Securities LLC
• Co-Managers: Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Multi-Bank Securities, Inc. and Performance Trust Capital Partners, LLC

Related Links

• The K-G05 Preliminary Offering Circular Supplement: http://www.freddiemac.com/mbs/data/kg05oc.pdf   
• Freddie Mac Multifamily Securitization Overview
• Multifamily Securities Investor Access database of post-securitization data from Investor Reporting Packages
• More information about K-G Deal program

The K-G05 Certificates are backed by corresponding classes issued by the FREMF 2021-KG05 Mortgage Trust (K-G05 Trust) and guaranteed by Freddie Mac. The K-G05 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-G05 Certificates.