Freddie Mac sells $500 mln in reference REMICs
NEW YORK, Oct 16 (Reuters) - Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz), 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.
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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