debt
confidence high
sentiment neutral
materiality 0.50
Freddie Mac launches $2B tender offer for STACR notes
FEDERAL HOME LOAN MORTGAGE CORP
- Tender offer covers any and all of 14 STACR note series with ~$2.02B original principal.
- Expires at 5 pm NY time on May 10, 2024; settlement expected May 14, 2024.
- Tender consideration ranges from $1,016.88 to $1,126.25 per $1,000 original principal.
- Lead dealer managers: Nomura Securities and BofA Securities; CastleOak as co-dealer manager.
- Freddie Mac is sole beneficial owner of each STACR Trust whose notes are being purchased.