Government-sponsored mortgage buyer Freddie Mac said Thursday that its new five-year notes were priced at 99.714 to yield 1.81 percent, or 29.5 basis points more than five-year U.S. Treasury Notes, The Associated Press reports.
The notes will be due Sept. 10, 2015. The issue will settle Friday.
The new security will be offered via a syndicate of dealers headed by Barclays Capital Inc., J.P. Morgan Chase, and Citigroup Global Markets.
Freddie Mac shares, which trade on the Over-the-Counter bulletin board, fell a fraction to 33 cents in afternoon trading.
