Freddie RefNote Draws Record Asian Demand

Freddie Mac's recently priced $3 billion issue of five-year Reference Notes has drawn a record amount of Asian investor interest."Asian demand for this offering was strong, representing 40% of the distribution for this deal -- a record level of participation for one of our new five-year issuances," said John Radwanski, Freddie's vice president and assistant treasurer. The issue (CUSIP: 3134A4UW2) was priced at 99.755 to yield 4.054%, or 30.5 basis points more than five-year U.S. Treasury notes.