MCLEAN, VA--(Marketwired - Dec 17, 2015) - Freddie Mac (OTCQB: FMCC) today released its inaugural 2016 K-Deal Issuance Calendar to increase transparency and to demonstrate a consistent level of potential investment opportunities in the new year. The Calendar pdf is available on K Certificates page of the company's web site at www.FreddieMac.com.
"The Freddie Mac K Series is the benchmark for Agency CMBS and this Issuance Calendar will allow investors to better plan their capital allocations," said Freddie Mac Vice President of Multifamily Capital Markets Securitization Robert Koontz. "We issued over $35 billion in K-Deals in 2015, our largest issuance year to date but we expect to top that in 2016."
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.
Freddie Mac retains sole discretion over whether or not the K Certificates issuances come to market and the timing thereof, which may be impacted by market conditions. The information contained in the 2016 K Certificates issuance calendar does not guarantee the timing of any future Freddie Mac offerings or the amount of such offerings. The calendar may be amended, superseded or replaced. The K Certificates issuance calendar is provided for informational purposes only.
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, 2014, filed with the Securities and Exchange Commission (SEC) on February 19, 2015; and Quarterly Report on Form 10-Q for the quarter ended September 30, 2015, filed with the SEC on November 3, 2015, and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information "furnished" to the SEC on Form 8-K.
Freddie Mac's press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company's Annual Report on Form 10-K for the year ended December 31, 2014, and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company's Web site at www.FreddieMac.com/investors and the SEC's Web site at www.sec.gov.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.
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 does not undertake an obligation, and disclaims any duty, to update any of the information in those documents. Freddie Mac's future performance, including financial performance, is subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect the company's future results are discussed more fully in our reports filed with the SEC.