New Issue: Freddie Mac prices $4 billion 0.625% two-year Reference Notes at 17 bps over Treasuries

By Kenneth Lim

Boston, Dec. 1 - Freddie Mac priced $4 billion of new 0.625% two-year Reference Notes on Wednesday at a spread of 17 basis points over Treasuries.

The notes were sold at 99.866 to yield 0.69%. Price talk was at a spread of 17.5 bps over Treasuries.

Barclays Capital Inc., Credit Suisse and Morgan Stanley were the lead managers.

The notes are non-callable.

Issuer:	Freddie Mac
Issue:	Reference Notes
Amount:	$4 billion
Maturity:	Dec. 28, 2012
Coupon:	0.625%
Price:	99.866
Yield:	0.69%
Spread:	17 bps over Treasuries
Price talk:	17.5 bps over Treasuries
Call:	Non-callable
Lead managers:	Barclays Capital Inc., Credit Suisse, Morgan Stanley
Pricing date:	Dec. 1
Settlement date:	Dec. 2

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