RISMEDIA, May 10, 2011—Freddie Mac (OTC: FMCC) recently announced a new offering of Structured Pass-Through Certificates (“K Certificates”), multifamily mortgage-backed securities. The company expects to offer approximately $1.1 billion in K Certificates (“K-013 Certificates”), which are expected to price the week of May 16, 2011, and settle on or about May 26, 2011.
The K-013 Certificates will be offered to the market by a syndicate of dealers led by Bank of America Merrill Lynch and Barclays Capital Inc. as Co-Lead Managers and Joint Bookrunners for the transaction. Citigroup Global Capital Markets Inc., Goldman, Sachs & Co., Morgan Stanley & Co. Incorporated and Wells Fargo Securities, LLC have been named as Co-Managers for the transaction.
The K-013 Certificates are backed by 81 recently-originated multifamily mortgages and are guaranteed by Freddie Mac. This is the fifth K Certificate offering this year.
K Certificates provide Freddie Mac with an efficient vehicle to securitize multifamily loans. The certificates provide investors with stable cash flows, structured credit enhancement and the Freddie Mac guarantee.
The preliminary offering circular supplement relating to the K-013 Certificates can be found here. This announcement is not an offer to sell any Freddie Mac securities; offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the year ended December 31, 2010, filed with the Securities and Exchange Commission (“SEC”) on February 24, 2011, and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Securities Exchange Act of 1934, excluding any information “furnished” to the SEC on Form 8-K.
For more information visit www.FreddieMac.com.
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