By Susanna Moon
Chicago, April 21 - Freddie Mac said it auctioned a $1 billion reopening of 1.625% global medium-term notes due April 26, 2011 at 100.566793.
The stop yield for the issue was 1.338%, priced at 45 basis points over the two-year Treasury. The bid-to-cover ratio was 3.42 to 1.
After the reopening, conducted by an internet auction, the total outstanding size of the notes will be $6 billion.
The issue will settle on April 22.
The original $5 billion of notes priced March 26 via joint lead managers Credit Suisse Securities (USA) LLC, Banc of America Securities LLC and RBS Securities Inc. Co-managers were BNP Paribas Securities Corp., Jefferies & Co. Inc., HSBC Securities (USA) Inc., Cabrera Capital Markets Inc., Blaylock Robert Van LLC.
Issuer: | Freddie Mac
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Issue: | Global medium-term notes
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Amount: | $1 billion
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Maturity: | April 26, 2011
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Coupon: | 1.625%
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Price: | 100.566793
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Spread: | 45 bps over two-year Treasuries
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Pricing date: | April 21
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Settlement date: | April 22
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