Freddie Mac on Track for Banner Year with K-Deals

McLEAN, VA-Freddie Mac has just gone to market with its last K-Certificate of the year, a plain vanilla offering worth approximately $1.1 billion. It was a fitting cap to 2012, which, in fact, saw several unique structures introduced by the GSE’s multifamily finance operation: it rolled out floating-rating K-Certificates, fully-wrapped securities and five-year paper.

The market can expect more of the same mix of new and standard deals in 2013, Mitch Resnick, vice president of Multifamily Capital Markets for Freddie Mac, tells GlobeSt.com. “We hope to continue with those transactions while maintaining the issuance of consistent paper,” Resnick says. For the most part, however, the GSE has focused on coming to market on a steady basis with its standard K-Certificates, such as the one this week. The securities are expected to price the week of Dec. 3, and settle on or about Dec. 21, 2012.