Freddie Mac Prices $1 Bil. Multifamily K-Deal, K-725

Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are backed by underlying collateral consisting of fixed-rate multifamily mortgages with predominantly 7-year terms. The company expects to issue more than $1 billion in K-725 Certificates, which are expected to settle on or about April 24, 2017. Multi-Bank Securities, Inc. served as a co-manager on the offering. Full Story