Secondary markets

Freddie Mac Gears Up for Its 12th K Deal of the Year

By Bonnie Sinnock

Published July 22, 2013, 1:05 p.m. EDT

1 Min Read

Freddie Mac said Monday it is offering another so-called K deal, its 12^th so far this year.

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About $1.4 billion in multifamily mortgage-backed securities (K-030 certificates) are slated to be offered and price on or about July 25 with settlement on or about Aug. 7.

The Freddie Mac-guaranteed certificates are backed by 80 recently originated multifamily and will be offered to the market by a syndicate of dealers led by Credit Suisse Securities (USA) LLC and Barclays Capital Inc. as co-lead managers and joint bookrunners. Citigroup Global Markets Inc., Guggenheim Securities LLC, JPMorgan Securities LLC and RBS Securities Inc. will serve as co-managers.

Certificates include two senior principal and interest classes, one senior interest-only class and a junior IO class. Kroll Bond Rating Agency and Moody's Investors Service are slated to rate the three senior classes, which are each expected to receive those companies’ top respective ratings, subject to ongoing monitoring.

Capital Markets Editor

Bonnie Sinnock is National Mortgage News' Capital Markets Editor at Arizent and has worked for NMN and affiliated publications since 1995. Her... Read full bio

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Secondary markets

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