Bond Freddy Mac 0% ( US3128X4NP21 ) in USD

Issuer	Freddy Mac
Market price	100 % ⇌
Country	United States
ISIN code	US3128X4NP21 ( in USD )
Interest rate	0%
Maturity	05/10/2035
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 USD
Total amount	101 500 000 USD
Cusip	3128X4NP2
Detailed description	Freddie Mac is a U.S. government-sponsored enterprise (GSE) that buys mortgages from lenders, packages them into securities, and sells them to investors, thus providing liquidity to the mortgage market. The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, has a long-term zero-coupon bond outstanding, identified by ISIN US3128X4NP21 and CUSIP 3128X4NP2. Freddie Mac, a government-sponsored enterprise (GSE) based in the United States, plays a pivotal role in the nation's housing finance system. Established to provide liquidity, stability, and affordability to the mortgage market, Freddie Mac primarily achieves this by purchasing mortgages from lenders and securitizing them into mortgage-backed securities (MBS) for sale to investors, thereby ensuring a continuous flow of capital for housing. The entity was placed into conservatorship by the U.S. government in September 2008, where it remains under the oversight of the Federal Housing Finance Agency (FHFA). This particular bond, issued out of the United States, is currently trading at 100% of its par value in USD. A distinctive feature of this security is its 0% interest rate, categorizing it as a zero-coupon bond, meaning investors do not receive periodic interest payments. Instead, such bonds are typically issued at a discount and mature at par, with the investor's return derived from the difference between the purchase price and the face value received at maturity; however, with the current market price reported at 100%, this implies no yield if purchased at this price and held to maturity. The total size of this bond issue is $101,500,000, with a minimum purchase size set at $1,000. The bond is set to mature on October 5, 2035, and while a payment frequency of 2 (semi-annual) is listed, this generally applies to coupon-bearing instruments, whereas for a zero-coupon bond, the principal payment occurs solely at maturity.