By Angela McDaniels
Tacoma, Wash., May 4 - Freddie Mac priced $6 billion of 27-month global medium-term notes at Libor minus 7 basis points on Friday, according to the agency's web site.
The non-callable bonds priced at par and will mature on Aug. 5, 2011.
Interest is payable quarterly.
Morgan Stanley & Co. Inc. is the manager. It purchased $4.9 billion of the notes from the issuer at 99.97 and $1.1 billion at par.
Settlement will occur Tuesday.
| Issuer: | Freddie Mac
|
| Issue: | Global medium-term notes
|
| Amount: | $6 billion
|
| Maturity: | Aug. 5, 2011
|
| Coupon: | Libor minus 7 bps, payable quarterly
|
| Price: | Par
|
| Call option: | None
|
| Manager: | Morgan Stanley & Co. Inc.
|
| Pricing date: | May 1
|
| Settlement date: | May 5
|
| Underwriting discount: | 0.03% for $4.9 billion; none for $1.1 billion
|
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