Freddie Mac prices US$4.50B offering of three-year reference notes due Nov. 25

MCLEAN, Virginia , October 5, 2011 () – Government-controlled mortgage company Freddie Mac said Wednesday that it priced a $4.5 billion offering of three-year reference notes due Nov. 25, 2014.

The notes have an annual interest rate of 0.75 percent and are being issued at a price equal to 99.966 percent of their face value to yield 0.761 percent, or 34.5 basis points more than three-year U.S. Treasury notes.

The notes are scheduled to settle on Thursday.

The notes were offered via a syndicate of dealers headed by Barclays Capital, Citigroup Global Markets and UBS Investment Bank.

© 2020 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.