Freddie Mac issues $21.87 billion debt, buys back none in September

By Jennifer Chiou

New York, Oct. 26 - Freddie Mac issued $21.87 billion of debt securities during September, according to the agency's summary for the month.

Last month's issuance was lower than August, when the agency issued $25.01 billion, and higher than September 2009, when it issued $12.57 billion. Over the last 12 months, the agency has issued an average of $27.07 billion each month.

The agency did not repurchase any debt securities in September or August. For the year so far, Freddie Mac has made 80% of its repurchases in April and May, when it repurchased $1.26 billion and $3.06 billion, respectively.

The agency said that $51.44 billion of debt securities matured or were redeemed during September, and the total amount of debt securities outstanding at the end of the month was $527.32 billion. A year earlier, the total was $584.63 billion.

In August, $36.31 billion of debt securities matured or were redeemed, and the total amount of debt securities outstanding at the end of the month was $556.68 billion.

All of the debt securities referenced above have a term of more than one year.

When debt securities with a term of one year or less are added, the total amount of debt securities outstanding at the end of September was $742.55 billion, compared with $762.24 billion at the end of August and $826.16 billion at the end of September 2009.

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