debt
confidence high
sentiment neutral
materiality 0.55
Freddie Mac launches tender offer for up to $1.68B of STACR notes
FEDERAL HOME LOAN MORTGAGE CORP
- Tender offer for any and all of 13 classes of STACR notes with ~$1.68B aggregate original principal.
- Offer expires March 12, 2024 at 5 p.m. ET; settlement expected March 14, 2024.
- Tender consideration $1,019.40–$1,133.75 per $1,000 original principal, plus accrued interest.
- Lead dealer managers: BofA Securities and Nomura; co-dealer manager: Academy Securities.
- Freddie Mac is sole beneficial owner of the issuing STACR trusts.