Freddie Mac plans to issue $7-11 billion of Reference Notes in the first quarter, as well as $2-6 billion of syndicated callable notes, according to the government-sponsored enterprise's latest Quarterly Funding Announcement.The planned issuance would result in a net reduction (excluding repurchases) of $4.5-8.5 billion of outstanding Reference Notes, as $15.5 billion of the securities will mature during the quarter, Freddie Mac said. The GSE said it does not plan to issue any EuroReference Notes in the first quarter. Freddie Mac can be found online at http://www.freddiemac.com.
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