Freddie Mac has announced the pricing of $500 million of fixed-rate noncumulative perpetual preferred stock.The 20 million shares of preferred stock (CUSIP: 313400657) are being offered at $25 per share with a dividend rate of 6.02%, the government-sponsored enterprise said. The GSE will have the option to redeem all or part of the shares on or after June 30, 2012, at $25 per share plus accrued dividends. The stock is being offered via a syndicate of six dealers. Freddie Mac can be found online at http://www.freddiemac.com.
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