Freddie Mac costs $ 796 million of multi-family K-Deal, K-1519

MCLEAN, Va., January 14, 2021 (GLOBE NEWSWIRE) – Freddie Mac (OTCQB: FMCC) recently priced a new offering of structured pass-through certificates (K certificates), which are multi-family mortgage-backed securities. The company plans to issue approximately $ 796 million in K certificates (K-1519 certificates), which are expected to settle around January 21, 2021.

Prices K-1519

Class

Capital / notional amount (mm)

Weighted average life (years)

Spread (bps)

Coupon

yield

Price in dollars

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 Manager and Joint Bookrunner: Morgan Stanley & Co. LLC and BofA Securities, Inc.

Co-managers: Barclays Capital Inc., BMO Capital Markets Corp., JP Morgan Securities LLC and Loop Capital Markets LLC

Related links

The K-1519 certificates are supported by the corresponding classes issued by the Mortgage Fund FREMF 2021-K1519 …

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  • According to this source Freddie Mac costs $ 796 million of multi-family K-Deal, K-1519
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