Freddie Mac has announced the pricing of 20 million shares of noncumulative perpetual preferred stock at $25 per share.The shares (CUSIP: 313400681) bear a dividend rate of 5.90%, the government-sponsored enterprise said. Freddie Mac said it will have the option to redeem all or part of the shares on or after Sept. 30, 2011, at $25 per share plus accrued dividends. The preferred stock is being offered via a syndicate of dealers headed by Lehman Brothers and Merrill Lynch. Fitch Ratings assigned a rating of AA-minus to the preferred stock.
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