New Issue: Freddie Mac $4 billion 2.875% five-year Reference Notes yield Treasuries plus 27.5 bps

By Kenneth Lim

Boston, Jan. 6 - Freddie Mac priced $4 billion of 2.875% five-year Reference Notes on Wednesday at a spread of 27.5 basis points over Treasuries.

Price talk was for a spread of 27.5 bps over Treasuries. The notes were sold at 99.974 to yield 2.88%.

Barclays Capital Inc., Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. were the lead managers.

The notes are non-callable.

Issuer:	Freddie Mac
Issue:	Reference Notes
Amount:	$4 billion
Maturity:	Feb. 9, 2015
Coupon:	2.875%
Price:	99.974
Yield:	2.88%
Spread:	27.5 bps over Treasuries
Price talk:	27.5 bps over Treasuries
Call protection:	Non-callable
Lead managers:	Barclays Capital Inc., Deutsche Bank Securities Inc., Citigroup Global Markets Inc.
Pricing date:	Jan. 6
Settlement date:	Jan. 7

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