By Kenneth Lim
Boston, Dec. 1 - Freddie Mac priced $4 billion of 1.375% three-year Reference Notes on Tuesday at a spread of 31 basis points over Treasuries.
The notes, which mature Jan. 9, 2013, were sold at 99.903 to yield 1.407%. Price talk was initially at a spread of 31.5 bps over Treasuries but was tightened to 31 bps over Treasuries late Monday.
Barclays Capital Inc., Banc of America Securities LLC and JPMorgan were the lead managers.
The notes are non-callable.
| Issuer: | Freddie Mac
|
| Issue: | Reference Notes
|
| Amount: | $4 billion
|
| Maturity: | Jan. 9, 2013
|
| Coupon: | 1.375%
|
| Price: | 99.903
|
| Yield: | 1.407%
|
| Initial spread: | 31 bps over Treasuries
|
| Price talk: | 31.5 bps over Treasuries
|
| Call protection: | Non-callable
|
| Lead managers: | Barclays Capital Inc., Banc of America Securities LLC, JPMorgan
|
| Pricing date: | Dec. 1
|
| Settlement date: | Dec. 2
|
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