Freddie Mac Prices $1B Reopening Of Three-Year Notes

e Mac has auctioned a $1 billion reopening of its 1.75% three-year USD Reference Notes security that matures on June 15, 2012. The stop yield for the issue, CUSIP 3137EACC1, was 1.77%, priced at approximately 24 basis points more than three-year U.S. Treasury Notes. The bid-to-cover ratio was 3.275 to 1. After the reopening, which was conducted via an Internet-based auction, the outstanding size of the 1.75% three-year Reference Notes security will be $7 billion, Freddie says. SOURCE: Fred


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