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For Immediate Release August
26,
2004
FREDDIE MAC PRICES $2 BILLION SYNDICATED CALLABLE NOTESMcLean, VA – Freddie Mac (NYSE: FRE) announced today that it priced $2 billion of a new five-year non-call one-year 4.125% syndicated callable, due on September 1, 2009. The issue, CUSIP 3128X3VA8, was priced at 99.715 to yield 4.189%, or 74.1 basis points more than five-year U.S. Treasury notes and a +2.5 Bond Market Association (BMA) Agency Option Adjusted Spread (AOAS). The issue, which is callable at Par on September 1, 2005, will settle on September 1, 2004. The transaction was headed by joint-leads Bear, Stearns, & Co. Inc., Goldman Sachs Group, and Morgan Stanley. "We are pleased by the strong level of support from the market for today's transaction, particularly from Asian investors," said Louise Herrle, Freddie Mac vice president, treasurer and head of global debt funding. "Freddie Mac has a robust investor outreach program which aids our ability to offer securities to the marketplace at the right size and maturity," Herrle said. 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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