Freddie Mac: Key Developments
Freddie Mac Announces $1 Billion Reopening Of 1.125% Two-Year Reference Notes Security
November 4, 2009 |
| Freddie Mac announced that it plans to launch a $1 billion reopening of its 1.125% two-year USD reference notes security that matures on December 15, 2011. The issue will price on November 4, 2009, and will settle on November 5, 2009. The $1 billion reopening of the 1.125% two-year reference notes security will be conducted via an Internet-based auction. The issue, CUSIP 3137EACF4, is listed on the Euro MTF market of the Luxembourg Stock Exchange. After the reopening, the outstanding size of the 1.125% two-year reference notes security will be $4.5 billion. |
Freddie Mac Prices $1 Billion Reopening Of 1.125% Two-Year Reference Notes Security
November 4, 2009 |
| Freddie Mac announced that it auctioned a $1 billion reopening of its 1.125% two-year USD Reference Notes security that matures on December 15, 2011. The stop yield for the issue, CUSIP 3137EACF4, was 1.179%, priced at 99.886974, or approximately 24.5 basis points more than two-year U.S. Treasury Notes. The bid-to-cover ratio was 4.01 to 1. |
Freddie Mac Prices New $3.5 Billion Two-Year Reference Notes Security
October 20, 2009 |
| Freddie Mac announced that it priced its new 1.125% $3.5 billion two-year USD Reference Notes security due on December 15, 2011. The issue, CUSIP number 3137EACF4, was priced at 99.851 to yield 1.195%, or 26 basis points more than two-year U.S. Treasury Notes. The issue will settle on October 21, 2009. The new two-year Reference Notes security was offered via a syndicate of dealers headed by Goldman Sachs Group, Citigroup Global Markets, Inc., and Morgan Stanley. |
Freddie Mac Announces Issuance of New Two-Year Reference Notes Security
October 19, 2009 |
| Freddie Mac announced that it plans to issue a new two-year USD Reference Notes security, CUSIP number 3137EACF4, due on December 15, 2011. The issue will be priced on October 20, 2009, and will settle on October 21, at benchmark size. The new two-year Reference Notes security will be offered via a syndicate of dealers headed by Goldman Sachs Group, Citigroup Global Markets, Inc., and Morgan Stanley. An application will be made to list the issues on the Euro MTF market of the Luxembourg Stock Exchange. |
Freddie Mac and Fannie Mae Price Targets Cut To Zero-AP
October 19, 2009 |
| Associated Press reported that the shares of mortgage finance companies Fannie Mae and Freddie Mac tumbled on October 19, 2009, after a Keefe, Bruyette & Woods analyst downgraded the two to the firm's lowest rating, saying their common and preferred shares would be 'worthless' given the nearly $100 billion they will continue to owe the government, even if recapitalized. The two government-sponsored enterprises, or GSEs, buy up mortgages from banks. In order for them to survive, they need to be recapitalized, said analyst Bose George in a note to investors. But he expects the government will continue to run the companies, and that 10 years from now, both will still owe the government more than the value of their common and preferred equity. KBW downgraded Fannie and Freddie to 'Underperform', its lowest rating, from 'Market Perform' and cut price targets on both stocks to zero from $1. |
Freddie Mac Announces $1 Billion Reopening of 2.125% Three Year Reference Notes Security
September 24, 2009 |
| Freddie Mac announced that it plans to launch a $1 billion reopening of its 2.125% three year USD Reference Notes security that matures on September 21, 2012. The issue will price September 24, 2009, and will settle on September 25, 2009. The $1 billion reopening of the 2.125% three year Reference Notes security will be conducted via an Internet based auction. The issue, CUSIP 3137EACE7, is listed on the Euro MTF market of the Luxembourg Stock Exchange. After the reopening, the outstanding size of the 2.125% three-year Reference Notes security will be $6.5 billion. |
Freddie Mac Names Ross J. Kari Chief Financial Officer
September 22, 2009 |
| Freddie Mac announced that Ross J. Kari has been appointed Chief Financial Officer effective October 12, 2009. |
Freddie Mac Prices $1 Billion Reopening Of 2.125% Three-Year Reference Notes Security
September 1, 2009 |
| Freddie Mac announced that it auctioned a $1 billion reopening of its 2.125% three-year USD Reference Notes security that matures on September 21, 2012. The stop yield for the issue, CUSIP 3137EACE7, was 1.772%, priced at 101.042473 or approximately 31 basis points more than three-year U.S. Treasury Notes. The bid-to-cover ratio was 4.335 to 1. After the reopening, which was conducted via an Internet-based auction, the outstanding size of the 2.125% three-year Reference Notes security will be $5.5 billion. The issue will settle on September 2, 2009, and is listed on the Euro MTF market of the Luxembourg Stock Exchange. |
|
|
Recent News