Freddie Mac Announces New Offering Of K Certificates

Freddie Mac has announced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily mortgage-backed securities. The company expects to offer approximately $1 billion in K Certificates (K-007 Certificates), which are expected to price on or about June 11 and settle on or about June 24. The K-007 Certificates will be offered to the market by a network of dealers led by Bank of America Merrill Lynch and Deutsche Bank Securities Inc. as co-lead managers and joint bookrunners for the transaction. Barclays Capital Inc., Goldman Sachs & Co., J.P. Morgan Securities Inc., Jefferies & Co. Inc. and Wells Fargo Securities LLC have been named co-managers for the transaction. The K-007 Certificates are backed by 83 recently originated multifamily mortgages and are guaranteed by Freddie Mac. The loans were originated using Freddie Mac's Capital Markets Execution product. SOURCE: [link= ]Freddie Mac[/link]


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