NEW YORK, July 14 Freddie Mac (FMCC.OB), the No. 2 U.S. home funding company, said on Wednesday it sold $1.0 billion of five-year reference notes in a reopening of an existing five-year issue via an Internet-based auction at a 1.930 percent stop-out rate.
The 2.875 percent notes will mature on Feb. 9, 2015 and were priced at 104.1107.
The bid-to-cover ratio was 3.83 to one. (Reporting by Caryn Trokie, Editing by Chizu Nomiyama)