- Western Asset Mortgage Capital (NYSE:WMC) priced $351.9M mortgage-backed notes, carrying a weighted average fixed interest rate of ~5.9% per annum.
- The securitization comprises of a portfolio of residential whole loans.
- The final payment date for the notes, to be issued in a private placement to qualified institutional investors and non-U.S. persons, is expected to be in July 2057.
- The offering, subject to customary closing conditions, is expected to close on or about Jul. 13.
- Source: Press Release
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