Rochester,NY 9/2/2009 9:02:47 PM
Freddie Mac.,FRE-Auctioned a $1 Billion Reopening Of 2.125% Three-Year Reference Notes Security;Matures in Sept 2012
Freddie Mac
Freddie Mac recently declared that it auctioned a $1 billion reopening of its 2.125% three-year USD Reference Notes security that matures on September 21, 2012. The stop yield for the issue, CUSIP 3137EACE7, was 1.772%, priced at 101.042473 or approximately 31 basis points more than three-year U.S. Treasury Notes. The bid-to-cover ratio was 4.335 to 1. After the reopening, which was conducted via an Internet-based auction, the outstanding size of the 2.125% three-year Reference Notes security will be $5.5 billion. The issue will settle on September 2, 2009, and is listed on the Euro MTF market of the Luxembourg Stock Exchange.
Freddie Mac purchases residential mortgages and mortgage-related securities in the secondary mortgage market and securitizes them into mortgage-related securities that can be sold to investors. It operates in three segments: Investments, Single-family Guarantee, and Multifamily.
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