December 15, 2015 Comments Off on Freddie Mac Prices $976M in Multifamily Securities Views: 448 California News, National News

Freddie Mac Prices $976M in Multifamily Securities

Freddie Mac has priced $976 million in mortgage-backed multifamily securities. The offering is called Structured Pass-Through Certificates, or K Certificates. These certificates are expected to be issued by Dec. 18.

The co-leading managers in the deal are Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities. Co-managers are Barclays Capital, Citigroup Global Markets, Jefferies LLC and Mischler Financial Group.

Meanwhile, the rating agencies involved are DBRS and Fitch.

K-Deals are meant to save taxpayers and investors from potential risks on losses.

Read More at Freddie Mac

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