Freddie Mac announced this week that it would be offering new Structured Pass-Through Certificates ("K Certificates") multifamily mortgage-backed securities. The K-010 Certificates will be offered to the market by a network of dealers led by J.P. Morgan Securities LLC and Wells Fargo Securities LLC as Co-Lead Managers and Joint Bookrunners for the transaction. Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., Jefferies & Company, Inc., and Merrill Lynch, Pierce, Fenner & Smith Incorporated have been named as Co-Managers for the transaction. The company expects to offer approximately $1 billion in K Certificates ("K-010 Certificates"), which are expected to settle on or about February 10, 2011.
"We are very pleased to announce our first K-Deal for 2011, which represents the first of many deals we expect to issue this year as our securitization activity grows," said David Brickman, vice president of Multifamily CMBS Capital Markets for Freddie Mac. "This offering also includes a new feature – this is the first K-deal in which two rating agencies were engaged to provide conventional public ratings."
For more news and information visit Blumberg Capital Partners.
No comments:
Post a Comment