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For Immediate Release October
27,
2004
FREDDIE MAC PRICES $2 BILLION SYNDICATED CALLABLE NOTESMcLean, VA – Freddie Mac (NYSE: FRE) announced today that it priced $2 billion of a new three-year non-call one-year 3.250% syndicated callable, due on November 2, 2007. The issue, CUSIP 3128X3H55, was priced at 99.887 to yield 3.29%, or 53.8 basis points more than three-year U.S. Treasury notes and a +2 Bond Market Association (BMA) Agency Option Adjusted Spread (AOAS). The issue, which is callable at Par on November 2, 2005, will settle on November 2, 2004. The transaction was headed by joint-leads Bear, Stearns, & Co. Inc., First Tennessee Capital Markets, and UBS Investment Bank. “We are very pleased with more than 42 percent international participation in this transaction. It demonstrates the continued global appeal of our debt securities,” said John Radwanski, vice president and assistant treasurer of Freddie Mac. 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 fulfills its mission by purchasing residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers in America. ###
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