|Spread (bps)||Coupon||Yield||Dollar Price|
|A-1||$55.559||4.20||S + 15||3.6270%||3.0741%||$101.9986|
|A-2||$811.736||6.74||S + 35||3.7000%||3.2947%||$102.3376|
|A-M||$63.592||6.91||S + 42||3.7000%||3.3662%||$101.9540|
- Co-Lead Managers and Joint Bookrunners:
Wells Fargo Securities, LLCand Credit Suisse Securities (USA) LLC
Academy Securities Inc., Citigroup Global Markets Inc., Jefferies LLCand J.P. Morgan Securities LLC
- Rating Agencies:
Kroll Bond Rating Agency, Inc.and Moody’s Investors Service, Inc.
- The K-732 preliminary offering circular supplement: http://www.freddiemac.com/mbs/data/k732oc.pdf
- Freddie Mac Multifamily Investor Presentation
- Multifamily Securities Investor Access database of post-securitization data from Investor Reporting Packages
The K-732 Certificates are backed by corresponding classes issued by the FREMF 2018-
Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities. K-Deals are part of the company’s business strategy to transfer a portion of the risk of losses away from taxpayers and to private investors who purchase the unguaranteed subordinate bonds. K Certificates typically feature a wide range of investor options with stable cash flows and structured credit enhancement.
This announcement is not an offer to sell any
Freddie Mac’s press releases sometimes contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company’s control. Management’s expectations for the company’s future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company’s Annual Report on Form 10-K for the year ended December 31, 2017, and its reports on Form 10-Q and Form 8-K, which are available on the Investor Relations page of the company’s Web site at www.FreddieMac.com/investors and the SEC’s website at www.sec.gov. The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release.
The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders, and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.
MEDIA CONTACT: Paul Frommelt
INVESTOR CONTACT: Robert Koontz
Source: Freddie Mac