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Freddie Mac sells $500 mln in reference REMICs

Tue Oct 16, 2007 11:31am EDT

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NEW YORK, Oct 16 (Reuters) - Freddie Mac (FRE.N), the No. 2 U.S. home funding company, on Tuesday sold $500 million in reference Real Estate Mortgage Investment Conduit securities, or REMICs, in the smallest issue since it began selling this type of securities in April 2005.

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The guaranteed maturity class was priced to yield 5.479 percent, or 133 basis points over the interpolated Treasury curve, with a final maturity of Oct. 15, 2014. Settlement is Oct. 23.

The joint lead managers on the sale are Citigroup Global Markets, Merrill Lynch and Morgan Stanley.

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