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For Immediate Release August
19,
2004
FREDDIE MAC PRICES $1 BILLION SYNDICATED CALLABLE NOTESMcLean, VA – Freddie Mac (NYSE: FRE) announced today that it priced $1 billion of a new 15-year non-call three-year 5.50% syndicated callable, due on August 20, 2019. The issue, CUSIP 3128X3UG6, was priced at 99.536 to yield 5.546%, or 131.5 basis points more than 10-year U.S. Treasury notes and a +17.4 Bond Market Association (BMA) Agency Option Adjusted Spread (AOAS). The issue, which is callable at Par on August 20, 2007, will settle on August 20, 2004. The transaction was headed by joint-leads Deutsche Bank Securities, Inc., Lehman Brothers, and Morgan Stanley. 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 corporation 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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