Freddie Mac has priced Reference REMIC R-006, Class AK, a $2.25 billion issue of real estate mortgage investment conduit securities.The issue (CUSIP: 31396JSK2) was priced at 99.65234375 to yield 5.8535%, or 95 basis points over the interpolated Treasury curve, the government-sponsored enterprise said. Class AK is a "guaranteed maturity class" (with a coupon of 5.75%) designed to reduce extension risk for investors, a special feature of Reference REMICs. Banc of America Securities, Citigroup Global Markets Inc., and Goldman Sachs Group were the lead underwriters of the transaction.
Freddie Prices Reference REMIC
April 21, 2006, 2:00 p.m. EDT 1 Min Read
