By Devika Patel
Knoxville, Tenn., Nov. 14 – Freddie Mac priced $3.5 billion of new 1.875% Reference Notes due Nov. 17, 2020, according to a company press release.
The notes priced at 99.904 to yield 1.908% at a spread of 8.5 basis points over Treasuries.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Nomura Securities International, Inc. were the lead dealers.
The government-backed mortgage lender is based in McLean, Va.
Issuer: | Freddie Mac
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Description: | Reference Notes
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Amount: | $3.5 billion
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Maturity: | Nov. 17, 2020
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Dealers: | Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Nomura Securities International, Inc.(leads)
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Coupon: | 1.875%
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Price: | 99.904
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Yield: | 1.908%
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Spread: | Treasuries plus 8.5 bps
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Trade date: | Nov. 14
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Settlement date: | Nov. 15
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