{"id":396637,"date":"2020-12-09T11:47:21","date_gmt":"2020-12-09T16:47:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396637"},"modified":"2020-12-09T11:47:21","modified_gmt":"2020-12-09T16:47:21","slug":"freddie-mac-prices-991-million-multifamily-k-deal-k-f95","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/freddie-mac-prices-991-million-multifamily-k-deal-k-f95\/","title":{"rendered":"Freddie Mac Prices $991 Million Multifamily K-Deal, K-F95"},"content":{"rendered":"
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MCLEAN, Va., Dec. 09, 2020 (GLOBE NEWSWIRE) — Freddie Mac<\/a> (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates<\/a>), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The approximately $991 million in K\u00a0Certificates (K-F95 Certificates) are expected to settle on or about December 17, 2020. The K-F95 Certificates are backed by floating-rate multifamily mortgages with 10-year terms.<\/p>\n

K-F95 includes one class (Class AS) of senior bonds indexed to SOFR and backed only by SOFR-based mortgages, and another class (Class AL) of senior bonds indexed to LIBOR and backed only by mortgages which are currently LIBOR-based.<\/p>\n

\n K-<\/strong>
\n F95<\/strong>
\n Pricing<\/strong>\n <\/p>\n\n\n\n\n\n\n
\n Class<\/strong>\n <\/td>\n\n Principal\/Notional
Amount (mm)<\/strong>\n <\/td>\n		\n Weighted
Average
Life
(Years)<\/strong>\n <\/td>\n		\n Discount
Margin<\/strong>\n <\/td>\n		\n Coupon<\/strong>\n <\/td>\n\n Dollar Price<\/strong>\n <\/td>\n<\/tr>\n
AL<\/td>\n$477.101<\/td>\n9.58<\/td>\n26<\/td>\n1 mo LIBOR + 26<\/td>\n100.000<\/td>\n<\/tr>\n
AS<\/td>\n$514.398<\/td>\n9.64<\/td>\n30<\/td>\n30-day SOFR avg + 30<\/td>\n100.000<\/td>\n<\/tr>\n
XL<\/td>\nNon-Offered<\/td>\n<\/tr>\n
XS<\/td>\nNon-Offered<\/td>\n<\/tr>\n<\/table>\n

\n Details<\/strong>\n <\/p>\n