MCLEAN, Va., June 5 /PRNewswire-FirstCall/ -- Freddie Mac today announced that it priced a $3.0 billion 30-year 5.5% Gold MACS calendar- based Strip security. The issue, designated Freddie Mac Gold MACS, Series 248, is scheduled for settlement on June 26, 2007. The Interest-only (IO) CUSIP is 3128HUJB8; the Principal-only (PO) CUSIP is 3128HWY92; the underlying Giant CUSIP is 3128M4V67.
"The calendar-based Strip is an enhancement to Freddie Mac's existing Strip issuance opportunities, and is intended to increase the demand for Gold PCs through greater predictability, greater transparency and broader distribution," said Mark Hanson, vice president for mortgage funding. "This is our first calendar based Strip offering, and we are encouraged by the broad interest in the transaction."
Bear Stearns will serve as the lead underwriter for Series 248. Co- managers of the transaction are Banc of America Securities, Barclays Capital, Inc., Citigroup Global Markets, Inc., Credit Suisse, Deutsche Bank Securities, Inc., Goldman Sachs Group, HSBC Securities, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, RBS Greenwich Capital and UBS Investment Bank.
Additional information about Freddie Mac calendar-based Strips is available on the company's Web site at http://www.freddiemac.com/mbs/docs/calendar_based_strip_issuance.pdf.
This announcement is neither an offer to sell nor a solicitation to buy any of these securities. Any such offering will be made only by an offering circular and offering circular supplement.
Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible more than 50 million times, ensuring financing for one in six homebuyers and more than four million renters.
