By Angela McDaniels
Tacoma, Wash., March 26 - Freddie Mac priced $5 billion of two-year Reference Notes at Treasuries plus 71 basis points and $3 billion of 10-year Reference Notes at Treasuries plus 99 bps on Thursday, according to agency news releases.
The 1.625% two-year notes priced at 99.953 to yield 1.648%.
The 3.75% 10-year notes priced at 99.727 to yield 3.783%.
The dealers for the two-year notes were led by Banc of America Securities, Credit Suisse and RBS Greenwich Capital. For the ten-year notes, the dealers were led by Barclays Capital Inc., Citigroup Global Markets, Inc. and J.P. Morgan Chase.
The issues will settle Friday.
Freddie Mac said that including these offerings, it has issued $24.5 billion of Reference Notes during 2009 and has about $267 billion in Reference Notes and Reference Bonds outstanding.
| Issuer: | Freddie Mac
|
| Issue: | Reference Notes
|
| Amount: | $8 billion
|
| Pricing date: | March 26
|
| Settlement date: | March 27
|
|
|
| Two-year notes
|
| Amount: | $5 billion
|
| Maturity: | April 26, 2011
|
| Coupon: | 1.625%
|
| Price: | 99.953
|
| Yield: | 1.648%
|
| Spread: | Two-year Treasuries plus 71 bps
|
| Call option: | None
|
| Managers: | Banc of America Securities, Credit Suisse and RBS Greenwich Capital (leads)
|
|
|
| 10-year notes
|
| Amount: | $3 billion
|
| Maturity: | March 27, 2019
|
| Coupon: | 3.75%
|
| Price: | 99.727
|
| Yield: | 3.783%
|
| Spread: | 10-year Treasuries plus 99 bps
|
| Call option: | None
|
| Managers: | Barclays Capital Inc., Citigroup Global Markets, Inc. and J.P. Morgan Chase (leads)
|
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