Freddie Mac has announced the online auctioning of a $1 billion reopening of a 4.75% two-year Reference Notes security due March 5, 2009.The stop yield was 4.833% for the issue (CUSIP: 3137EAAQ2), which was priced at 99.84508, or approximately 25 basis points more than two-year U.S. Treasury notes. The bid-to-cover ratio was 3.299 to 1. Following the reopening, the issue size will be $4 billion. The settlement date is April 5.
Freddie Auctions RefNote Reopening
April 04, 2007, 2:00 p.m. EDT 1 Min Read
