Freddie Mac has priced Reference REMIC R008, class FK, a $1.75 billion issue of real estate mortgage investment conduit securities.The issue (CUSIP: 31396U3A6) was priced at par, the government-sponsored enterprise said. Class FK is a "guaranteed maturity class" designed to reduce extension risk for investors, a special feature of Reference REMICs. The offered class is a sequential-pay floating-rate class with a class coupon of 40 basis points over the London interbank offered rate (initially 5.74%) and a maximum rate of 7.0%. The final maturity date is July 15, 2023. Deutsche Bank Securities Inc., Goldman Sachs Group, and Lehman Brothers were the lead underwriters of the transaction. Freddie Mac can be found online at http://www.freddiemac.com.
Freddie Prices Reference REMIC
July 19, 2006, 2:00 p.m. EDT 1 Min Read
