New Issue: Freddie Mac's $1 billion reopening of 1.625% three-year Reference Notes yields 1.75%

By Kenneth Lim

Boston, April 20 - Freddie Mac priced a $1 billion reopening of 1.625% three-year Reference Notes on Tuesday at a stop-yield of 1.75%, according to a press release.

The notes were sold at 99.636525 through an auction. The agency said 11.111% of the notes were allocated at the stop rate. The bid-to-cover ratio was 4.13.

There are now $6.5 billion outstanding principal amount of the notes.

Issuer:	Freddie Mac
Issue:	Reference Notes reopening
Amount:	$1 billion
Maturity:	April 15, 2013
Coupon:	1.625%
Price:	99.636525
Yield:	1.75%
Call:	Non-callable
Pricing date:	April 20
Settlement date:	April 21

© 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.