By Lisa Kerner
Charlotte, N.C., Oct. 20 - Freddie Mac priced its new $3.5 billion of 1.125% two-year Reference Notes at 26 basis points more than two-year Treasuries, on target with Monday's price talk.
The notes, due Dec. 15, 2011, were priced at 99.851 to yield 1.195%.
Freddie Mac said its new notes were offered via a syndicate of dealers led by Goldman Sachs, Citigroup Global Markets Inc. and Morgan Stanley.
To date the agency has issued $51 billion of Reference Notes during 2009 and has approximately $255 billion in Reference Notes and Reference Bonds outstanding, a Freddie Mac news release said.
A Freddie Mac spokesperson said the latest issue sold primarily in North America, followed by Asia. Investors were led by investment managers, followed by banks/central banks.
| Issuer: | Freddie Mac
|
| Issue: | Reference Notes
|
| Lead managers: | Goldman Sachs, Citigroup Global Markets Inc. and Morgan Stanley
|
| Amount: | $3.5 billion
|
| Maturity: | Dec. 15, 2011
|
| Coupon: | 1.125%
|
| Price: | 99.851
|
| Yield: | 1.195%
|
| Spread: | 26 bps over Treasuries
|
| Pricing date: | Oct. 20
|
| Settlement date: | Oct. 21
|
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