Freddie Mac has priced its new 0.875% three-year Reference Notes security due on Oct. 14, 2016 at 99.985 to yield 0.88%, or 20.5 basis points more than three-year U.S. Treasury Notes.
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As previously planned, the security was offered via a syndicate of dealers headed by Barclays Capital, JPMorgan Chase and Nomura Securities International Inc., and it is scheduled to settle Friday.
Freddie Mac’s previous Reference Notes deal was a new 1.375% seven-year security due on May 1, 2020 (CUSIP number 3137EADR7). It priced at 99.43 to yield 1.46%, or 22.5 basis points more than seven-year U.S. Treasury Notes.
The government-sponsored enterprise last
