Freddie Mac To Reopen Reference Notes For $1B

Law360, New York (September 24, 2009, 1:29 PM EDT) -- Mortgage giant Freddie Mac plans to sell $1 billion in securities through the reopening of 2.125 percent three-year reference notes, the government-sponsored enterprise announced Thursday.

The mortgage buyer will sell the $1 billion through an Internet auction, after which the value of the three-year reference notes will reach $6.5 billion, Freddie Mac said.

The Luxembourg Stock Exchange-listed issue, CUSIP 3137EACE7, will price Thursday and settle Friday, and the three-year reference notes will mature on Sept. 21, 2012.

Freddie Mac spokesman Michael Cosgrove said the company used...
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