Freddie Sells $4.5 Billion 5Y Note At 2.547% Yld, Treasurys +65BPS
23 April 2009 - 7:08PM
Dow Jones News
After a delay of a day, Freddie Mac sold a smaller-than-expected
size of $4.5 billion on its five-year reference notes. The 2.5%
note sold at 99.781 to yield 2.547%, or 65 bps over comparable
Treasury yields. This was 7 basis points tighter than the initial
price talk of 72 basis points.
The deal is expected to settle on Friday. The note was offered
by Deutsche Bank, Goldman Sachs and Morgan Stanley.
Terms were as follows:
Amount: $4.5 billion
Maturity: April 23, 2014
Coupon: 2.500%
Issue Price: 99.781
Yield: 2.547%
Spread: + 65 basis points
Settlement: April 24, 2009
Call: Noncallable
-By Prabha Natarjaan, Dow Jones Newswires; 201-938-5071;
prabha.natarajan@dowjones.com