Freddie Mac (FRE) announced a new offering of Structured Pass-Through Certificates, multifamily mortgage-backed securities that help provide liquidity, stability and affordability to the nation's multifamily housing market.
The company expects to offer about $1.1 billion in K Certificates or "K-005 Certificates", which are anticipated to price on or about January 27, 2010, and settle on or about February 3, 2010.
The K-005 Certificates will be offered to the market by a network of dealers led by Goldman, Sachs & Co. and J.P. Morgan Securities Inc. as Co-Lead Managers and Joint Bookrunners for the transaction.
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