Freddie Mac Debuts MLAN Securities

Freddie Mac is planning to issue new mortgage-linked amortizing note (MLAN) securities. The offering will be priced beginning today and will settle on Jan. 17.

Freddie Mac MLANs are senior unsecured debt obligations that have cashflows that mimic the principal payments of referenced agency mortgage-related securities held in Freddie Mac's mortgage-related investments portfolio. The new securities are being offered by Goldman, Sachs & Co., with co-managers Credit Suisse and J.P. Morgan Chase.

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