Freddie Mac-No Politics (FMCC)

[Phisherman]

Freddie Mac Prices $1 Billion Reopening of 4.125% Five-Year Reference Notes(R) Security
10/08 01:43 PM
MCLEAN, Va., Oct. 8 /PRNewswire-FirstCall/ -- Freddie Mac announced today that it auctioned a $1 billion reopening of its 4.125% five-year USD Reference Notes(R) security that matures on September 27, 2013. The stop yield for the issue, CUSIP number 3137EABS7, was 3.740%, priced at 101.721943 or approximately 98.7 basis points more than five-year U.S. Treasury Notes. The bid-to-cover ratio was 2.75 to 1.
After the reopening, which was conducted via an Internet-based auction, the total outstanding size of the 4.125% five-year Reference Note will be $5 billion. The issue will settle on Thursday, October 9, 2008. An application was made to list the issue on the Euro MTF market of the Luxembourg Stock Exchange.
Including today's offerings, Freddie Mac has issued $47 billion of Reference Notes securities during 2008 and has approximately $258 billion in Reference Notes and Reference Bonds(R) securities outstanding.
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 proxy statement, its Registration Statement on Form 10 dated July 18, 2008 and all documents that Freddie Mac files with the Securities and Exchange Commission ("SEC") pursuant to Section 13(a), 13(c) or 14 of the Securities Exchange Act of 1934.
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 Registration Statement on Form 10 dated July 18, 2008 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 http://www.FreddieMac.com/investors and the SEC's Web site at http://www.sec.gov.
Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac raises capital on Wall Street and throughout the world's capital markets to finance mortgages for families across America. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters. http://www.FreddieMac.com
SOURCE Freddie Mac