Freddie Mac has priced Reference REMIC R011, a $1.24 billion issue of real estate mortgage investment conduit securities.The issue (CUSIP: 31397G7M6) was priced at 99.88671875 to yield 5.5357%, or 95 basis points over the interpolated Treasury curve, the government-sponsored enterprise said. The issue is a "guaranteed maturity class" (with a coupon of 5.50%) designed to reduce extension risk for investors, a special feature of Reference REMICs. Credit Suisse, Deutsche Bank Securities Inc., and Merrill Lynch & Co. were the lead underwriters of the transaction. Freddie Mac can be found online at http://www.freddiemac.com.
Freddie Prices Reference REMIC
April 18, 2007, 2:00 p.m. EDT 1 Min Read
