Business News • MarketWire • Freddie Mac Announces Fourth Multifamily Securities Offering This Year, K-F03 |
Freddie Mac Announces Fourth Multifamily Securities Offering This Year, K-F03 |
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Freddie Mac Announces Fourth Multifamily Securities Offering This Year, K-F03
MCLEAN, VA--(Marketwired - Apr 7, 2014) - Freddie Mac (OTCQB: FMCC) today announced a new offering of Structured Pass-Through Certificates ("K Certificates"), backed exclusively by LIBOR-based, floating rate multifamily mortgages with five- and seven-year terms. The company expects to offer approximately $1.3 billion in K Certificates ("K-F03 Certificates"), which are expected to price the week of April 7, 2014, and settle on or about April 25, 2014. This is Freddie Mac's fourth K Certificate offering this year and its first floating rate offering this year.
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