Freddie Mac says it expects to offer approximately $1 billion in multifamily mortgage-backed securities known as K-011 Certificates. The certificates, which are backed by 76 recently originated multifamily mortgages and guaranteed by Freddie Mac, will likely price the week of March 21 and settle on or about March 31.
The K-011 Certificates will be offered to the market by a syndicate of dealers led by Deutsche Bank Securities Inc. and Bank of America Merrill Lynch as co-lead managers and joint bookrunners for the transaction. Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. Inc. and Wells Fargo Securities LLC have been named as co-managers for the transaction.
‘As the third Freddie Mac K-Deal of the year, K-011 demonstrates our commitment to maintaining periodic issuance throughout the year,’ says David Brickman, Freddie Mac's vice president of multifamily CMBS capital markets.
SOURCE: Freddie Mac
