By Kenneth Lim
Boston, Jan. 28 - Freddie Mac priced a $1 billion reopening of 2.875% five-year Reference Notes on Thursday at an initial spread of 28.5 basis points over Treasuries.
The notes were sold through an auction at 100.748022 to yield 2.714%. The bid-to-cover ratio was 3.86 to 1.
The outstanding amount under the series is now $5 billion.
The notes are non-callable.
| Issuer: | Freddie Mac
|
| Issue: | Reference Notes reopening
|
| Amount: | $1 billion
|
| Maturity: | Feb. 9, 2015
|
| Coupon: | 2.875%
|
| Price: | 100.748022
|
| Yield: | 2.714%
|
| Initial spread: | 28.5 bps over Treasuries
|
| Call protection: | Non-callable
|
| Pricing date: | Jan. 28
|
| Settlement date: | Feb. 1
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
