Freddie Mac expects to price an offering of about $1.1 billion in structured multifamily mortgage pass through securities during the week of May 16 for settlement on May 26 or thereabouts.
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A syndicate of dealers led by Bank of America Merrill Lynch and Barclays Capital Inc. are slated to offer the K-013 certificates, which would represent the fifth K deal Freddie has done this year.
Citigroup Global Capital Markets Inc., Goldman Sachs & Co., Morgan Stanley & Co. Inc. and Wells Fargo Securities LLC are set to be co-managers for the offering.
Freddie said 81 recently originated multifamily mortgages it is guaranteeing will serve as collateral for the securities.
