Freddie Mac Sells $5 Billion of Debt at Higher Yield Spreads

Freddie Mac, the mortgage-finance company under U.S. government control, sold $5 billion of five- year reference notes at higher yields relative to Treasuries than in its last sale of similar new debt.

The securities yield 1.81 percent, or 29.5 basis points more than similar-maturity government debt, the McLean, Virginia-based company said today in an e-mailed statement. In January, Freddie Mac sold $4 billion of its five-year reference notes at a spread of 27.5 basis points.

Freddie Mac’s reference notes are its largest type of debt issue, with a minimum size of $3 billion, and are offered according to a calendar released before the start of the year.

To contact the reporter on this story: Jody Shenn in New York at jshenn@bloomberg.net

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