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Freddie Mac sells $1 bln 5-yr notes in reopening
July 14, 2010 / 3:30 PM / 7 years ago

Freddie Mac sells $1 bln 5-yr notes in reopening

NEW YORK, July 14 (Reuters) - 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)

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