Freddie Mac to Auction Three-Year Reference Note(R) And Reopen Thirty-Year Reference Bond(SM)

Apr 30, 2001, 01:00 ET from Freddie Mac

    MCLEAN, Va., April 30 /PRNewswire/ -- Freddie Mac (NYSE:   FRE) announced
 today that it plans to launch two Reference Note(R) and Reference Bond(SM)
 offerings in May, consistent with its 2001 calendar.  The company will re-open
 for $1 billion the 6.75 percent thirty-year Reference Bond issue due March 15,
 2031 and will offer a new $5 billion, three-year Reference Note due May 15,
 2004.
     The thirty-year issue will be priced May 10, for settlement May 15.  The
 CUSIP number is 3134A4AA2.  This issue, which is listed in Luxembourg, will be
 offered via a syndicate of dealers headed by joint-leads Credit Suisse First
 Boston, J.P. Morgan &. Co., and Lehman Brothers.
     The three-year issue, which will be offered via Internet-based Dutch
 auction, will be priced May 11, 2001 for settlement May 15.  The CUSIP number
 is 3134A4EX8.  Investors desiring to participate in Reference Note auctions
 must first designate the dealers through which they wish to submit bids. This
 step, if not previously performed, must be completed via the Internet by
 Wednesday, May 9, 2001 at 5:00 p.m. EDT for this auction.  All auction details
 and instructions are on Freddie Mac's debt securities website,
 Freddiemac.com/debt.  Application will be made to list this issue in
 Luxembourg.
     Freddie Mac also announced that it will discontinue the practice of
 reporting dealers' Reference Note auction awards for league table purposes.
 "We expect our debt investors will value the added transparency provided by
 this improvement," said Jerome Lienhard, Senior Vice President, Investment
 Funding.
      Excluding the Reference issues being offered in May, Freddie Mac has
 $150.50 billion in outstanding Reference Notes and Bonds.
 
     This announcement is neither an offer to sell nor a solicitation of offers
 to buy any of these securities.  Any such offering will be made only by an
 offering circular and pricing supplement.  WR Hambrecht + Co, San Francisco,
 CA, provides the services and technology relating to the auctions.
 
     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 passthrough securities and
 debt instruments in the capital markets.  Over the years, Freddie Mac has
 opened the doors for one in six homebuyers and more than two million renters
 across America.  Freddie Mac is the winner of the International Financing
 Review's North American Borrower of the Year and Agency Borrower of the Year
 awards for the year 2000.  For additional information about Freddie Mac,
 please see the Company's web site: http://www.freddiemac.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X65192837
 
 

SOURCE Freddie Mac
    MCLEAN, Va., April 30 /PRNewswire/ -- Freddie Mac (NYSE:   FRE) announced
 today that it plans to launch two Reference Note(R) and Reference Bond(SM)
 offerings in May, consistent with its 2001 calendar.  The company will re-open
 for $1 billion the 6.75 percent thirty-year Reference Bond issue due March 15,
 2031 and will offer a new $5 billion, three-year Reference Note due May 15,
 2004.
     The thirty-year issue will be priced May 10, for settlement May 15.  The
 CUSIP number is 3134A4AA2.  This issue, which is listed in Luxembourg, will be
 offered via a syndicate of dealers headed by joint-leads Credit Suisse First
 Boston, J.P. Morgan &. Co., and Lehman Brothers.
     The three-year issue, which will be offered via Internet-based Dutch
 auction, will be priced May 11, 2001 for settlement May 15.  The CUSIP number
 is 3134A4EX8.  Investors desiring to participate in Reference Note auctions
 must first designate the dealers through which they wish to submit bids. This
 step, if not previously performed, must be completed via the Internet by
 Wednesday, May 9, 2001 at 5:00 p.m. EDT for this auction.  All auction details
 and instructions are on Freddie Mac's debt securities website,
 Freddiemac.com/debt.  Application will be made to list this issue in
 Luxembourg.
     Freddie Mac also announced that it will discontinue the practice of
 reporting dealers' Reference Note auction awards for league table purposes.
 "We expect our debt investors will value the added transparency provided by
 this improvement," said Jerome Lienhard, Senior Vice President, Investment
 Funding.
      Excluding the Reference issues being offered in May, Freddie Mac has
 $150.50 billion in outstanding Reference Notes and Bonds.
 
     This announcement is neither an offer to sell nor a solicitation of offers
 to buy any of these securities.  Any such offering will be made only by an
 offering circular and pricing supplement.  WR Hambrecht + Co, San Francisco,
 CA, provides the services and technology relating to the auctions.
 
     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 passthrough securities and
 debt instruments in the capital markets.  Over the years, Freddie Mac has
 opened the doors for one in six homebuyers and more than two million renters
 across America.  Freddie Mac is the winner of the International Financing
 Review's North American Borrower of the Year and Agency Borrower of the Year
 awards for the year 2000.  For additional information about Freddie Mac,
 please see the Company's web site: http://www.freddiemac.com .
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X65192837
 
 SOURCE  Freddie Mac

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