The company expects to guarantee approximately
The ML Certificates are designated as “sustainability bonds” within Freddie Mac’s Sustainability Bonds Framework. The proceeds will be used to finance multifamily properties that (a) finance affordable housing to low-to-moderate-income families, (b) may have features, or are located in areas, that further economic opportunity for residents and (c) may include certain environmental impact features.
Class | Principal/ Notional Amount (mm) | Weighted Average Life (Years) | Spread (bps) | Coupon | Yield | Dollar Price | ||||
A-US | 12.76 | S + 53 | 1.677 | % | 1.413 | % | ||||
A-CA | 13.37 | S + 53 | 1.689 | % | 1.436 | % | ||||
X-US | 12.36 | T + 350 | 2.021 | % | 4.369 | % | ||||
X-CA | 13.01 | T + 410 | 2.132 | % | 5.000 | % |
Details
- Lead Manager and Bookrunners:
Wells Fargo Securities, LLC andJefferies LLC - Co-Managers:
AmeriVet Securities, Inc. ,KeyBanc Capital Markets Inc. ,Piper Sandler & Co. andStifel, Nicolaus & Company, Incorporated - Rating Agency: S&P Global Ratings
Related Links
- ML-07 Offering Circular Supplement
- Tax-Exempt Loan Securitization Program Investor Presentation [pdf]
- Freddie Mac Multifamily Investor Presentation [pdf]
- Multifamily Securities Investor Access database of post-securitization data from Investor Reporting Packages
- Sustainability bonds Framework [pdf]
The ML-07 Certificates are issued by FRETE 2020-
Freddie Mac Multifamily is a leading issuer of agency-guaranteed structured multifamily securities. ML-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. ML 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