freddie

2021 STACR debut (update)

Category: Capital Relief Trades RMBS


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Freddie Mac prints first CRT trade of 2021 inside guidance

Freddie Mac yesterday priced STACR 2021-DNA1, its first CRT debt markets transaction of 2021, the GSE has informed SCI. The underwriters were Bank of America and Barclays.

The trade consists of four tranches for a final size of $970m. The 208m M-1, rated BBB/BBB+, printed at SOFR plus 65bp, carries a 2% credit enhancement (CE) and a weighted average life (WAL) of 1.71

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