New Issue: Freddie Mac's $5.5 billion 1.625% Reference Notes due 2013 yield Treasuries plus 31.5 bps

By Kenneth Lim

Boston, March 3 - Freddie Mac priced $5.5 billion of 1.625% three-year Reference Notes on Wednesday at an initial spread of 31.5 basis points over Treasuries.

The notes were sold at 99.86 to yield 1.671%. Price talk was at a spread of 31.5 bps over Treasuries.

J.P. Morgan Chase, RBS Securities Inc. and UBS Investment Bank were the underwriters.

The notes are non-callable.

Issuer:	Freddie Mac
Issue:	Reference Notes
Amount:	$5.5 billion
Maturity:	April 15, 2013
Coupon:	1.625%
Price:	99.86
Yield:	1.671%
Initial spread:	31.5 bps over Treasuries
Price talk:	31.5 bps over Treasuries
Call:	Non-callable
Underwriters:	J.P. Morgan Chase, RBS Securities Inc., UBS Investment Bank
Pricing date:	March 3
Settlement date:	March 4

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