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Published on 7/14/2010 in the Prospect News Agency Daily.

New Issue: Freddie Mac's $1 billion reopening of five-year 2.875% Reference Notes yields 1.93%

By Kenneth Lim

Boston, July 14 - Freddie Mac priced a $1 billion reopening of five-year 2.875% Reference Notes on Wednesday at a stop yield of 1.93%.

The stop price was set at 104.110716 through an auction. The spread was about 8 basis points over Treasuries.

After the auction, the size of the debt series is now $6 billion.

Issuer:Freddie Mac
Issue:Reference Notes reopening
Amount:$1 billion
Maturity:Feb. 9, 2015
Coupon:2.875%
Price:104.110716
Yield:1.93%
Spread:8 bps over Treasuries
Call:Non-callable
Pricing date:July 14
Settlement date:July 15

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