Freddie Mac tenders for up to $650 million of STACR notes

By Wendy Van Sickle

Columbus, Ohio, Sept. 7 – Freddie Mac tendered for up to $650 million of eight series of its Structured Agency Credit Risk notes, according to a press release.

The notes listed in order of acceptance priority with the full tender consideration listed per $1,000 principal amount include

• The $472.5 million of STACR 2017-HQA1 M2 notes (Cusip: 3137G0NE5) for $1,039.60;

• The $405 million of STACR 2017-HQA3 M2 notes (Cusip: 3137G0RL5) for $1,026.20;

• The $203.5 million of STACR 2016-HQA3 M3 notes (Cusip: 3137G0LA5) for $1,036.10;

• The $210 million of STACR 2016-HQA4 M3 notes (Cusip: 3137G0LU1) for $1,040.50;

• The $231 million of STACR 2014-HQ2 M3 notes (Cusip: 3137G0CH0) for $1,040.90;

• The $195 million of STACR 2015-HQA2 M3 notes (Cusip: 3137G0HJ1) for $1,036.60;

• The $272 million of STACR 2015-HQA1 M3 notes (Cusip: 3137G0GJ2) for $1,032.40; and

• The $195 million of STACR 2017-DNA1 M3 notes (Cusip: 3137G0MD8) for $1,033.00.

In each case, the total consideration includes a $50 early participation premium that will be available only to holders who tender by 5 p.m. ET on Sept. 20, which is also the withdrawal deadline.

The offer will expire at 11:59 p.m. on Oct. 4.

Global Bondholder Services Corp. (212-430-3774 or 866-924-2200) is the information agent.

Barclays Capital Inc. (212-412-5780, 800-438-3242) or BofA Securities, Inc. (646-855-1160) are the dealer managers.

The government-sponsored enterprise is based in McLean, Va.

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