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For Immediate Release December
02,
2004
FREDDIE MAC PRICES NEW $3 BILLION FIVE-YEAR REFERENCE NOTES® SECURITYRecord Asian Participation For a Five-Year SecurityMcLean, VA – Freddie Mac (NYSE: FRE) announced today that it priced its new 4.00% $3 billion five-year USD Reference Notes® security due on December 15, 2009. The issue, CUSIP number 3134A4UW2, was priced at 99.755 to yield 4.054%, or 30.5 basis points more than five-year U.S. Treasury Notes. The issue will settle on December 3, 2004. "We continue to experience strong demand for our global debt offerings from international investors, with nearly 50 percent international participation in this transaction," said John Radwanski, vice president and assistant treasurer of Freddie Mac. "Asian demand for this offering was strong, representing 40 percent of the distribution for this deal – a record level of participation for one of our new five-year issuances." The new five-year Reference Notes security was offered via a syndicate of dealers headed by joint-leads Deutsche Bank Securities, Inc., Lehman Brothers, and UBS Investment Bank. Including today's offering, Freddie Mac has issued $40 billion of Reference Notes securities during 2004. Since the beginning of the year, approximately $57 billion of the company's Reference Notes securities have matured, leaving approximately $215 billion in Reference Notes and Reference Bonds® securities outstanding. This announcement is neither an offer to sell nor a solicitation of offers to buy any of these securities. Any such offering will be made only by an offering circular and pricing supplement. Freddie Mac is a stockholder-owned company established by Congress in 1970 to support homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than two million renters in America. ###
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