other material
confidence high
sentiment neutral
materiality 0.60
Freddie Mac announces cash tender offer for ~$2.4B of STACR notes
FEDERAL HOME LOAN MORTGAGE CORP
- Tender offer for any and all of 13 classes of STACR notes; total original principal ~$2.4B.
- Offer expires Nov 9, 2023; settlement expected Nov 14, 2023.
- Tender consideration ranges from $1,007.50 to $1,044.69 per $1,000 principal.
- Lead dealer managers: Wells Fargo Securities and BofA Securities.
- Freddie Mac is sole beneficial owner of the STACR trusts issuing the notes.