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Freddie Mac Announces 10th Multifamily Securities Offering of the Year, K-028

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Freddie Mac recently announced a new offering of Structured Pass-Through Certificates (“K Certificates”), which are multifamily mortgage-backed securities. The company expects to offer approximately $1.6 billion in K Certificates (“K-028 Certificates”), which are expected to price on or about June 14, and settle on or about June 27, 2013. This is Freddie Mac’s tenth K Certificate offering this year.

The K-028 Certificates are backed by 88 recently-originated multifamily mortgages and are guaranteed by Freddie Mac.

The K-028 Certificates include two senior principal and interest classes, one senior interest only class and a junior interest only class. Fitch, Inc. and Morningstar Credit Ratings, LLC have been engaged to rate the three senior classes of K-028 Certificates, which are each expected to receive a rating of “AAA(sf)” and “AAA,” respectively, subject to ongoing monitoring.

Freddie Mac is a leading issuer of agency-guaranteed structured multifamily securities. K Certificates feature a wide range of investor options with stable cash flows and a structured credit enhancement. K-Deals include guaranteed senior principal and interest, and interest only classes.

The preliminary offering circular supplement relating to the K-028 Certificates can be found here.

For more information, visit www.FreddieMac.com.

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