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UPDATE 1-Freddie delays note sale, cites acting CFO death

Wed Apr 22, 2009 1:15pm EDT

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NEW YORK, April 22 (Reuters) - Freddie Mac, the U.S. government-controlled home funding provider, said it delayed a sale of new notes due to the death of its acting chief financial officer on Wednesday.

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The company was to sell new five-year notes on Wednesday but said it would postpone the offering for at least one day in light of the death this morning of David Kellermann.

Kellermann, 41, was found dead in his suburban Virginia home after an apparent suicide. He was a 16-year veteran of Freddie Mac. To read more see [ID:nN22530023].

Freddie Mac (FRE.N) (FRE.P) had yet to announce the size of Wednesday's new five-year note issue, its first of that maturity since a $3.5 billion issue in January. Market expectations were for about $5 billion.

The company on Tuesday sold $1 billion of two-year notes. (Reporting by Lynn Adler; Editing by James Dalgleish)

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