debt
confidence high
sentiment neutral
materiality 0.60
Freddie Mac launches cash tender offer for any and all of 12 STACR note series
FEDERAL HOME LOAN MORTGAGE CORP
- Offer covers STACR notes with original principal amounts ranging from $20M to $447M; total ~$1.03B.
- Tender offer consideration per $1,000 original principal: $1,001.50 (2021-HQA3 M-1) to $1,160 (2020-DNA4 B-1).
- Expiration: 5 p.m. ET on Sept 5, 2024; settlement expected Sept 9, 2024; guaranteed delivery settlement Sept 11.
- Lead dealer managers: Citigroup Global Markets Inc. and BofA Securities, Inc.; co-dealer manager: Academy Securities, Inc.
- Notes subject to offer are STACR credit-risk transfer securities from trusts spanning 2016–2021 vintages.