By Jennifer Chiou
New York, Sept. 24 - Freddie Mac priced an additional $1 billion of its 2.125% Reference Notes due Sept. 21, 2012, according to an agency news release.
The reopened notes priced at 101.333583, or 21 basis points over three-year Treasuries.
The stop yield was 1.665%.
The bid-to-cover ratio was 3.935 to 1.
The notes were priced via an internet-based auction and will settle on Friday, after which the total issue size will be $6.5 billion.
The original $4.5 billion of notes priced at 99.959 on Aug. 5 to yield 2.138%, or 37.5 bps over Treasuries. Another $1 billion priced on Sept. 1 at 101.042473, or 31 bps over Treasuries.
The notes are listed on the Euro MTF market of the Luxembourg Stock Exchange.
Issuer: | Freddie Mac
|
Issue: | Reference Notes
|
Amount: | $1 billion
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Maturity: | Sept. 21, 2012
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Coupon: | 2.125%
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Price: | 101.333583
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Stop yield: | 1.665%
|
Spread: | Three-year Treasuries plus 21 bps
|
Call option: | Non-callable
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Pricing date: | Sept. 24
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Settlement date: | Sept. 25
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