Freddie Mac (OTCQB: FMCC) announced today that it auctioned a $500 million reopening of its 1.50% three-year USD Reference Notes® security that matures on Jan. 17, 2020. The stop yield for the issue, CUSIP 3137EAEE5, was 1.480%, priced at 100.057. The bid-to-cover ratio was 3.95 to 1.
After the reopening, which was conducted via an Internet-based Dutch auction, the outstanding size is $3.5 billion. The issue will settle on Thursday, Feb. 9, 2017. All auction details can be found on Freddie Mac's Debt Securities Web page, http://www.freddiemac.com/ debt/auctionrepurch/auctions. html.
