• Most Popular
  • Most Shared

UPDATE 1-Freddie Mac to sell $6 bln notes this week

Mon Mar 10, 2008 11:56am EDT

Stocks

   

(Adds background)

NEW YORK, March 10 (Reuters) - Freddie Mac (FRE.N) the No. 2 U.S. home funding company, on Monday said it plans to sell $3 billion in new two-year reference notes due May 28, 2010 and $3 billion in new five-year reference notes due May 29, 2013 this week.

The joint lead managers on the two-year notes are Credit Suisse, JP Morgan and Merrill Lynch. The joint lead managers on the five-year notes Citigroup Global Markets, Deutsche Bank Securities and Goldman Sachs.

Settlement for both issues will be March 14.

Including the new offerings, Freddie Mac will have sold about $14 billion in reference notes during 2008 and has about $251 billion in reference notes and reference bonds outstanding. (Reporting by Caryn Trokie; Editing by Theodore d'Afflisio)



More from Reuters

Photo

GDP seen slowing, tying Fed hands on rates

NEW YORK (Reuters) - After a growth spurt at the end of 2009, the U.S. economy will slow in the months ahead, keeping the Federal Reserve from raising borrowing costs until the final three months of the year, a Reuters poll showed.

» More Top News
An employee counts U.S. dollar notes near renminbi notes at a bank in Nanjing, Jiangsu province, December 2, 2008. REUTERS/Sean Yong

Pay advisers face hefty price

A dark corner of corporate America is being thrust into the harsh glare of disclosure -- and some big names are cringing.  Full Article 

Regulatory
Paramilitary policemen take part in anti-riot training at a military base in Suining, Sichuan province, March 9, 2010. REUTERS/Stringer

China barks, can't bite

China has poured billions into its military, but it has got a long way to go before its bite catches up with its increasingly loud, and for some fearsome, bark.   Full Article 

China