Bond Freddy Mac 0% ( US3128X62A31 ) in USD
Issuer | Freddy Mac |
Market price | ![]() |
Country | ![]() |
ISIN code |
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Interest rate | 0% |
Maturity | 05/03/2038 |
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Minimal amount | 1 000 USD |
Total amount | 1 035 000 000 USD |
Cusip | 3128X62A3 |
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. This financial article provides an in-depth analysis of a specific debt security, identified by its ISIN US3128X62A31 and CUSIP 3128X62A3, issued by the Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, a pivotal government-sponsored enterprise (GSE) domiciled in the United States, whose critical mission is to bolster the liquidity, stability, and affordability of the U.S. housing finance market by purchasing mortgages from lenders and packaging them into saleable securities. Operating under a conservatorship by the Federal Housing Finance Agency (FHFA) since 2008, Freddie Mac's issued debt is widely perceived to carry an implicit government guarantee, reflecting its systemic importance within the American financial landscape. This particular bond, currently valued at 100% of its par value in the market and denominated in U.S. Dollars (USD), notably features a 0% interest rate, which firmly categorizes it as a zero-coupon bond, meaning investors do not receive periodic interest payments but rather realize their return at maturity, derived from the difference between the purchase price and the full face value, despite the specification of a semi-annual payment frequency which typically applies to coupon-bearing instruments. The total issuance volume for this security stands at $1,035,000,000, with a minimum purchase denomination set at $1,000, making it accessible to a broad spectrum of investors looking for exposure to U.S. GSE debt, and it is scheduled to mature on March 5, 2038. |