Freddie Mac Prices $500 Million Reopening of 3.75% Seven-Year Reference Notes® Security

MCLEAN, Va., Feb. 15, 2012 /PRNewswire/ -- Freddie Mac (OTC: FMCC) announced today that it auctioned a $500 million reopening of its 3.75% seven-year USD Reference Notes® security that matures on March 27, 2019.  The stop yield for the issue, CUSIP 3137EACA5, was 1.557%, priced at 114.712429, or approximately 22.7 basis points more than seven-year U.S. Treasury Notes. The bid-to-cover ratio was 4.02 to 1.

After the reopening, which was conducted via an Internet-based auction, the outstanding size of the 3.75% seven-year Reference Notes security will be $4.0 billion. The issue will settle on Thursday, February 16, 2012, 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.

Freddie Mac's press releases sometimes contain forward-looking statements.  A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company's Annual Report on Form 10-K for the year ended December 31, 2010 and its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company's Web site at www.FreddieMac.com/investors and the SEC's Web site at www.sec.gov.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.  www.FreddieMac.com

SOURCE Freddie Mac

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED