Freddie Mac has priced a $757 million offering of structured pass-through certificates under its “K Certificates” program that securitizes recently originated multifamily mortgage loans.

According to a Freddie release, the certificates are unrated and were priced at par with a one-month coupon of Libor plus 70 bps, yielding 1.0021%. The certificates are expected to settle on or around Feb. 4, according to Freddie.

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