Powered by

Freddie Mac Prices $1 Billion Multifamily K-Deal, K-F97

Jan 21, 2021 - GlobeNewswire

MCLEAN, Va., Jan. 21, 2021 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates ( K Certificates ), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The approximately $1 billion in K Certificates (K-F97 Certificates) are expected to settle on or about January 28, 2021. The K-F97 Certificates are backed by floating-rate multifamily mortgages with 10-year terms.

K-F97 includes...