Freddie Mac plans to issue $976 million of multifamily mortgage-backed securities later this week.
Freddie Mac will issue four classes of structured pass-through certificates, known as K Certificates. The issuance is expected to settle by Dec. 18.
Freddie Mac's K-Deals are intended to transfer a portion of the risk of losses away from taxpayers, to private investors who purchase unguaranteed subordinate bonds.
The underlying originators of the mortgages include about 20 lenders, including Citibank, KeyBank and PNC.
Merrill Lynch and Wells Fargo Securities are lead managers on the offering.
