Freddie Mac repurchased $1.76 billion of targeted debt securities with expired call options in connection with a cash tender offer that closed Nov. 19, according to the government-sponsored enterprise.The securities were originally issued as European-style callable debt and have since converted to bullet securities. Tenders were made for 20 securities in amounts ranging from $7.53 million (for 2.65% medium-term notes due Aug. 4, 2006) to $341.57 million (for 2.25% medium-term notes due Dec. 4, 2006), Freddie Mac reported. Freddie Mac can be found on the Web at http://www.freddiemac.com.
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