Freddie Mac Prices $1 Billion Reopening of 2.875% Five-Year Reference Notes(R) Security

Jan 28, 2010, 11:13 ET from Freddie Mac

MCLEAN, Va., Jan. 28 /PRNewswire-FirstCall/ -- Freddie Mac (NYSE: FRE) announced today that it auctioned a $1 billion reopening of its 2.875% five-year USD Reference Notes® security that matures on February 9, 2015.  The stop yield for the issue, CUSIP 3137EACH0, was 2.714%, priced at 100.748022, or approximately 28.5 Basis points more than five-year U.S. Treasury Notes.  The bid-to-cover ratio was 3.86 to 1.

After the reopening, which was conducted via an Internet-based auction, the outstanding size of the 2.875% five-year Reference Notes security will be $5 billion.  The issue will settle on February 1, 2010, and is listed on the Euro MTF market of the Luxembourg Stock Exchange.

This announcement is not an offer to sell any Freddie Mac securities.  Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac's Annual Report on Form 10-K for the year ended December 31, 2008, filed with the Securities and Exchange Commission ("SEC") on March 11, 2009, and all documents that Freddie Mac files with the SEC pursuant to Section 13(a), 13(c) or 14 of the Securities Exchange Act of 1934, excluding any information "furnished" to the SEC on Form 8-K.

Freddie Mac's press releases sometimes contain forward-looking statements.  A description of factors that could cause actual results to differ materially from the expectations expressed in these and other forward-looking statements can be found in the company's Annual Report on Form 10-K for the year ended December 31, 2008 http://www.freddiemac.com/investors/infostatand its reports on Form 10-Q and Form 8-K, filed with the SEC and available on the Investor Relations page of the company's Web site at www.FreddieMac.com/investors and the SEC's Web site at www.sec.gov.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.  www.FreddieMac.com

SOURCE Freddie Mac



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