By Andrea Heisinger
New York, Feb. 16 - Freddie Mac sold $4.5 billion of 0.5% three-year Reference Notes on Thursday to yield Treasuries plus 20 basis points, according to a press release.
The notes were sold wider than talk of 18 bps over Treasuries, a source said.
"Spreads have gone wider since that came out, so it could shift wider," a trader said on Wednesday.
The McLean, Va.-based government-backed mortgage lender priced the notes at 99.728 to yield 0.587%.
Bookrunners were BNP Paribas Securities Corp., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc.
| Issuer: | Freddie Mac
|
| Issue: | Reference Notes
|
| Amount: | $4.5 billion
|
| Maturity: | April 17, 2015
|
| Bookrunners: | BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc.
|
| Coupon: | 0.5%
|
| Price: | 99.728
|
| Yield: | 0.587%
|
| Spread: | Treasuries plus 20 bps
|
| Trade date: | Feb. 16
|
| Settlement date: | Feb. 21
|
| Price talk: | Treasuries plus 18 bps
|
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