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

Mon Mar 10, 2008 11:56am EDT
 
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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)

 

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