New Issue: Freddie Mac's $3 billion 0.875% three-year Reference Notes yield Treasuries plus 22.5 bps

By Kenneth Lim

Boston, Aug. 19 - Freddie Mac priced $3 billion of new 0.875% three-year Reference Notes on Thursday at a spread of 22.5 basis points over Treasuries.

The notes were sold at 99.661 to yield 0.983%. Price talk was at a spread of 22 bps.

Barclays Capital Inc., Deutsche Bank Securities Inc. and UBS Investment Bank were the lead managers.

The notes are non-callable.

Issuer:	Freddie Mac
Issue:	Reference Notes
Amount:	$3 billion
Maturity:	Oct. 28, 2013
Lead managers:	Barclays Capital Inc., Deutsche Bank Securities Inc., UBS Investment Bank
Coupon:	0.875%
Price:	99.661
Yield:	0.983%
Spread:	22.5 bps over Treasuries
Price talk:	22 bps over Treasuries
Call:	Non-callable
Pricing date:	Aug. 19
Settlement date:	Aug. 20

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