New Issue: Freddie Mac prices $1 billion three-year callable notes to yield 2.35%

By Angela McDaniels

Tacoma, Wash., Aug. 7 - Freddie Mac priced $1 billion of 2.35% global medium-term notes due Aug. 27, 2012 at par, according to the agency's web site.

The bonds are callable on Aug. 27, 2010.

Morgan Stanley & Co., Inc. is the lead manager, with BNP Paribas Securities Corp., J.P. Morgan Securities Inc. and Citigroup Global Markets Inc. as co-managers.

The issue will settle on Aug. 27.

Issuer:	Freddie Mac
Issue:	Global medium-term notes
Amount:	$1 billion
Maturity:	Aug. 27, 2012
Lead manager:	Morgan Stanley & Co., Inc.
Co-managers:	BNP Paribas Securities Corp., J.P. Morgan Securities Inc. and Citigroup Global Markets Inc.
Coupon:	2.35%, payable semiannually
Price:	Par
Yield:	2.35%
Call option:	Aug. 27, 2010
Pricing date:	Aug. 6
Settlement date:	Aug. 27

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