K-119 Pricing
Class | Principal/Notional Amount (mm) | Weighted Average Life (Years) | Spread (bps) | Coupon | Yield | Dollar Price | ||
A-1 | 6.49 | S+25 | 0.85000% | 0.84288% | ||||
A-2 | 9.82 | S+37 | 1.56600% | 1.23378% | ||||
A-M | 9.88 | S+42 | 1.29300% | 1.28798% | ||||
X1 | 9.25 | T+190 | 0.93316% | 2.73385% | ||||
XAM | 9.63 | T+170 | 1.13403% | 2.56353% | ||||
X3 | 9.70 | T+415 | 2.72703% | 5.01906% |
Details
- Co-Lead Managers and Joint Bookrunners:
J.P. Morgan Securities LLC andCantor Fitzgerald & Co. - Co-Managers:
Bancroft Capital, LLC ,Barclays Capital Inc. ,BofA Securities, Inc. andNatAlliance Securities - Rating Agencies:
Fitch Ratings, Inc. andKroll Bond Rating Agency, Inc.
Related Links
- The K-119 Preliminary Offering Circular Supplement: http://www.freddiemac.com/mbs/data/k119oc.pdf
- Freddie Mac Multifamily Securitization Overview
- Multifamily Securities Investor Access database of post-securitization data from Investor Reporting Packages
- More information about Class A-M and Class XAM
The K-119 Certificates are backed by corresponding classes issued by the FREMF 2020-
Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities. K-Deals are part of the company’s business strategy to transfer a portion of the risk of losses away from taxpayers and to private investors who purchase the unguaranteed subordinate bonds. K Certificates typically feature a wide range of investor options with stable cash flows and structured credit enhancement.
This announcement is not an offer to sell any
Freddie Mac’s press releases sometimes contain forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond the company’s control. Management’s expectations for the company’s future necessarily involve a number of assumptions, judgments and estimates, and various factors could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements. These assumptions, judgments, estimates and factors are discussed in the company’s Annual Report on Form 10-K for the year ended
The company undertakes no obligation to update forward-looking statements it makes to reflect events or circumstances occurring after the date of this press release. The multifamily investors section of the company’s Web site at https://mf.freddiemac.com/investors/ will also be updated, from time to time, with any information on material developments or other events that may be important to investors, and we encourage investors to access this website on a regular basis for such updated information.
The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate.
MEDIA CONTACT:
703-918-5851
Michael_Morosi@FreddieMac.com
INVESTOR CONTACTS:
571-382-4082
312-407-7510
Source:
2020 GlobeNewswire, Inc., source