By Andrea Heisinger
New York, Dec. 15 - Freddie Mac sold $6 billion of 0.625% three-year Reference Notes on Thursday at Treasuries plus 34 basis points, according to a press release.
Price talk was at 34 basis points prior to the market close on Wednesday, a trader said, adding that the level could "possibly move wider" prior to pricing. The deal size was originally announced at a benchmark, or $500 million.
The notes were priced at 99.727 to yield 0.716%.
Bookrunners were BNP Paribas Securities Corp., Deutsche Bank Securities Inc. and UBS Securities LLC.
The mortgage lender is based in Tysons Corner, Va.
| Issuer: | Freddie Mac
|
| Issue: | Reference Notes
|
| Amount: | $6 billion, talked at benchmark size
|
| Maturity: | Dec. 29, 2014
|
| Bookrunners: | BNP Paribas Securities Corp., Deutsche Bank Securities Inc., UBS Securities LLC
|
| Coupon: | 0.625%
|
| Price: | 99.727
|
| Yield: | 0.716%
|
| Spread: | Treasuries plus 34 bps
|
| Trade date: | Dec. 15
|
| Settlement date: | Dec. 16
|
| Price talk: | 34 bps
|
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