Freddie Mac has announced the pricing of $500 million of fixed-rate noncumulative perpetual preferred stock at $25 per share, with a dividend rate of 5.66%.Freddie Mac will have the option to redeem all or part of the 20 million shares of preferred stock (CUSIP: 313400665) on or after March 31, 2012, at $25 per share plus accrued dividends, the government-sponsored enterprise said. The stock is being offered via a syndicate of dealers headed by Banc of America Securities LLC and Morgan Stanley. Freddie Mac can be found online at http://www.freddiemac.com.
Freddie Prices Preferred Stock
April 11, 2007, 2:00 p.m. EDT 1 Min Read
