New Issue: Freddie Mac sells $5 billion of 0.375% five-year notes at Treasuries plus 17 bps

By Taylor Fox

New York, Sept. 23 – Freddie Mac priced $5 billion 0.375% five-year Reference Notes on Wednesday, according to a press release.

The issue priced at 99.699 to yield 0.436%, 17 basis points more than the yield on five-year U.S. Treasury notes.

The issue will settle on Friday.

The issue was offered via a syndicate of dealers headed by Citigroup Global Markets Inc, Deutsche Bank Securities Inc. and Nomura Securities International Inc.

The government-backed mortgage lender is based in McLean, Va.

Issuer:	Freddie Mac
Amount:	$5 billion
Description:	Reference Notes
Maturity:	Sept. 23, 2025
Bookrunners:	Citigroup Global Markets Inc, Deutsche Bank Securities Inc. and Nomura Securities International Inc.
Co-managers:	Academy Securities Inc, Bancroft Capital LLC, Blaylock Van LLC, CastleOak Securities LP, R. Seelaus & Co. LLC and Siebert, Williams, Shank & Co. LLC
Coupon:	0.375%
Price:	99.699
Yield:	0.436%
Spread:	Treasuries plus 17 bps
Trade date:	Sept. 23
Settlement date:	Sept. 25

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