Freddie Mac Announces Intent to Sell Fifth STACR Offering This Year
(firmenpresse) - MCLEAN, VA -- (Marketwired) -- 05/26/16 -- (OTCQB: FMCC) announces its intent to sell its fifth offering this year of Structured Agency Credit Risk debt notes, pending market conditions. Through the award-winning and innovative STACR program, Freddie Mac transfers a portion of its credit risk on certain single-family loans to private capital market investors.
STACR Series 2016-DNA3 has a reference pool of recently-acquired Single-Family mortgages with an unpaid principal balance of more than $26.4 billion. Freddie Mac holds the senior loss risk in the capital structure, and a portion of the risk in the Class M-1, M-2, M-3, and the first loss Class B tranches.
Credit Suisse and Barclays will serve as co-lead managers and joint bookrunners.
Freddie Mac has a STACR issuance calendar to help investors plan their allocations. The calendar is available on the page of the company''s web site at .
This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac''s Annual Report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission (SEC) on February 18, 2016; all other reports Freddie Mac filed with the SEC pursuant to Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) since December 31, 2015, excluding any information furnished to the SEC on Form 8-K; and all documents that Freddie Mac files with the SEC pursuant to Sections 13(a), 13(c) or 14 of the Exchange Act, excluding any information furnished to the SEC on Form 8-K.
Freddie Mac''s press releases sometimes contain forward-looking statements. A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company''s Annual Report on Form 10-K for the year ended December 31, 2015, and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company''s Web site at and the SEC''s Web site at .
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation''s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is the largest source of financing for multifamily housing. Additional information is available at , Twitter and Freddie Mac''s blog .
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Datum: 26.05.2016 - 12:30 Uhr
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News-ID 1437794
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