Freddie Mac has priced Reference REMIC R-003, Class AG, a $2.5 billion issue of real estate mortgage investment conduit securities.The issue (CUSIP: 31396C3C2) was priced at 99.777343750 to yield 5.1872%, or 87 basis points over the interpolated Treasury curve, the government-sponsored enterprise said. Class AG is a "guaranteed maturity class" designed to reduce extension risk for investors, a special feature of Reference REMICs. The GMC has a class coupon of 5.125% and a final maturity date of Oct. 15, 2015. Credit Suisse First Boston, Deutsche Bank Securities Inc., and UBS Investment Bank were the joint lead managers of the transaction.
Freddie Prices Reference REMIC
October 20, 2005, 2:00 p.m. EDT 1 Min Read