Freddie Prices $1.1B of Preferred Stock

Freddie Mac has announced the pricing of $1.1 billion of fixed-rate noncumulative perpetual preferred stock at $25 per share.The 44 million shares (CUSIP: 313400673) bear a dividend rate of 5.57%, the government-sponsored enterprise said. Freddie Mac said it will have the option to redeem all or part of the shares on or after Dec. 31, 2011, at $25 per share plus accrued dividends. The preferred stock is being offered via a syndicate of dealers headed by Goldman, Sachs & Co. and JPMorgan.