Freddie Mac has priced $2 billion of a new 4.75% syndicated callable note due on Dec. 8, 2010.The issue (CUSIP: 3128X2EV3) was priced at 100.00 to yield 4.75%, or 131.8 basis points more than five-year U.S. Treasury notes. The issue is callable at par on Dec. 8, 2005 and settles on Dec. 8. The joint lead managers for the transaction were Bear, Stearns & Co.; Citigroup Global Markets Inc.; and Merrill Lynch.

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