Freddie Mac (OTC: FMCC) announced that it auctioned a $1 billion reopening of its 2.5% five-year USD Reference Notes[R] security that matures on May 27, 2016. The stop yield for the issue, CUSIP 3137EACT4, was 2.07%, priced at 102.036654, or approximately 22 basis points more than five-year U.S. Treasury Notes. The bid-to-cover ratio was 3.02 to 1.
After the reopening, which was conducted via an Internet-based auction, the outstanding size of the 2.5% five-year Reference Notes security will be $4 billion. The issue will settle on Friday, May 20, 2011, and is listed on the Euro MTF market of the Luxembourg Stock Exchange. All auction details can be found on Freddie Mac's Debt Securities Web page, www.FreddieMac.com/debt/auctionrepurch/auctions.html.
This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac's Annual Report on Form 10-K for the year ended December 31, 2010, filed with the Securities and Exchange Commission ("SEC") on February 24, 2011, and all documents that Freddie Mac files with the SEC pursuant to Section 13(a), 13[c] or 14 of the Securities Exchange Act of 1934, excluding any information "furnished" to the SEC on Form 8-K.
Keywords: Debt Securities, Finance, Financial Companies, Freddie Mac, Industry, Investing, Mortgage Investment Companies, Real Estate.
This article was prepared by Real Estate Weekly News editors from staff and other reports. Copyright 2011, Real Estate Weekly News via VerticalNews.com.
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