Freddie Mac has priced Reference REMIC R-014, Class AL, a $500 million issue of real estate mortgage investment conduit securities.The issue (CUSIP: 31397KPG0) was priced at 99.97656250 to yield 5.479%, or 133 basis points over the interpolated Treasury curve, the government-sponsored enterprise said. Class AL is a "guaranteed maturity class" (with an initial class coupon of 5.50%) designed to reduce extension risk for investors, a special feature of Reference REMICs. Citigroup Global Markets Inc., Merrill Lynch & Co., and Morgan Stanley were the lead underwriters of the transaction. Freddie Mac can be found online at http://www.freddiemac.com.
Freddie Prices Reference REMIC
October 17, 2007, 2:00 p.m. EDT 1 Min Read
