MCLEAN, Va., April 19--PRNewswire-AsiaNet/InfoQuest
Freddie Mac (NYSE: FRE) today announced that it priced $1.25 billion of
Reference REMIC(SM) R-001, Class AE (CUSIP 31395RAR9), a Guaranteed Maturity
Class (GMC) with a final maturity date of April 15, 2015. Settlement is
scheduled for April 22, 2005.
The GMC was priced at 75 basis points over the interpolated Treasury curve.
Lehman Brothers, Morgan Stanley, and UBS Investment Bank jointly led the
transaction. Co-managers on the transaction were Banc of America Securities
LLC, Bear Stearns & Co., Inc., Citigroup, Credit Suisse First Boston, Deutsche
Bank Securities, Goldman Sachs & Co., and RBS Greenwich Capital. The
transaction also involved a selling group.
"We are pleased with the widespread participation in the inaugural
Reference REMIC transaction," said Jerome Lienhard, senior vice president,
investments and capital markets. "Today's pricing marks a new stage in Freddie
Mac's commitment to providing global investors with liquidity, transparency and
calendar-based predictability in the REMIC market."
Freddie Mac is a stockholder-owned corporation established by Congress in
1970 to support homeownership and rental housing. Freddie Mac fulfills its
mission by purchasing residential mortgages and mortgage-related securities,
which it finances primarily by issuing mortgage-related securities and debt
instruments in the capital markets. Over the years, Freddie Mac has made home
possible for one in six homebuyers in America. For additional information
about Freddie Mac, please see our Web site at http://www.FreddieMac.com
SOURCE: Freddie Mac
CONTACT: Media: Michael Cosgrove,
+1-703-903-2123, or
Investors: Jonathan Prince,
+1-571-382-5110,
both of Freddie Mac
Web site: http://www.freddiemac.com
--Distributed by AsiaNet (www.asianetnews.net)--