| Freddie Mac Announces $1 Billion Reopening of 1.125% Two-Year Reference Notes |
| News - Financial News |
|
--(www.FinancialNewsUSA.com)-- 11/05/2009 - Mortgage Investment industry news provided by Financial News USA. MCLEAN, Va., Nov. 4 /PRNewswire-FirstCall/ -- Freddie Mac (NYSE: FRE) announced today that it plans to launch a $1 billion reopening of its 1.125% two-year USD Reference Notes(R) security that matures on December 15, 2011. The issue will price today, Wednesday, November 4, 2009, and will settle Thursday, November 5, 2009. The $1 billion reopening of the 1.125% two-year Reference Notes security will be conducted via an Internet-based auction. The issue, CUSIP 3137EACF4, is listed on the Euro MTF market of the Luxembourg Stock Exchange. After the reopening, the outstanding size of the 1.125% two-year Reference Notes security will be $4.5 billion. All auction details can be found on Freddie Mac's Debt Securities Web page, www.FreddieMac.com/debt/auctionrepurch/auctions.html. This announcement is not an offer to sell any Freddie Mac securities. [Read the full article] MCLEAN, Va., Nov. 4 /PRNewswire-FirstCall/ -- Freddie Mac (NYSE: FRE) announced today that it auctioned a $1 billion reopening of its 1.125% two-year USD Reference Notes(R) security that matures on December 15, 2011. The stop yield for the issue, CUSIP 3137EACF4, was 1.179%, priced at 99.886974, or approximately 24.5 basis points more than two-year U.S. Treasury Notes. The bid-to-cover ratio was 4.01 to 1. After the reopening, which was conducted via an Internet-based auction, the outstanding size of the 1.125% two-year Reference Notes security will be $4.5 billion. The issue will settle on November 5, 2009, and is listed on the Euro MTF market of the Luxembourg Stock Exchange. This announcement is not an offer to sell any Freddie Mac securities. [Read the full article] About Financial News USA Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com. 
|