Freddie Mac Prices $43.1MM in Structured Credit Risk Debt Notes
The $43.1 million SCR Notes Series 2016-MDN2, Class B, is linked to the credit and principal payment risk of a reference pool of multifamily mortgage loans backing state and local housing finance agency tax-exempt bonds for which Freddie Mac provides credit enhancement. The SCR Notes are not backed or secured by the reference pool itself. Wells Fargo is the sole structuring agent, lead manager and sole bookrunner. Systima Capital Management is the sole investor for the issued notes.