Freddie Mac Sells $6B In Reference Notes

Posted by Orb Staff on May 20, 2009 No Comments
Categories : Residential Mortgage

e Mac has sold $6 billion of three-year notes that are priced to yield 1.859%, or 46.5 basis points (bps) more than three-year Treasury notes. The reference notes, due June 15, 2012, yield less than the notes Freddie Mac sold in February, which had a spread of 88 bps. The new reference notes security was offered via a syndicate of dealers headed by Barclays Capital Inc., Bank of America Securities and JPMorgan Chase. An application was made to list the issue on the Euro MTF market of the Luxembourg Stock Exchange. Including today's offering, Freddie Mac has issued $36 billion of reference notes securities during 2009 and has approximately $259 billion in reference notes and reference bonds securities outstanding. SOURCE: Fred

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