Freddie Mac wraps up remic roadshow

The US housing agency wraps up Asian roadshows for its forthcoming issue of Reference Remic securities.

Freddie Mac yesterday finished regional roadshows for its forthcoming issue of $2.4 billion of Reference Remic securities. The US housing agency had been to Singapore, Taipei, Macau, Hong Kong, Tokyo, Seoul and Beijing this week to sell the securities that will price next week.

The product is a new twist on an old theme. Traditional remics real estate mortgage investment conduits are just re-packaged pass-through securities. Traditional pass-throughs see both the principal and interest on US housing debt passed through to the end investors in the bonds. Remics see these cash flows repackaged so that they meet specific investor needs in terms of duration and risk class.

...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222