Bond Freddy Mac 6.375% ( US3128X6FN13 ) in USD

Issuer	Freddy Mac
Market price	100 % ⇌
Country	United States
ISIN code	US3128X6FN13 ( in USD )
Interest rate	6.375% per year ( payment 2 times a year)
Maturity	29/06/2022 - Bond has expired
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Minimal amount	1 000 USD
Total amount	80 000 000 USD
Cusip	3128X6FN1
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. An overview of a specific fixed-income instrument reveals details of a bond that has successfully matured and been fully repaid. Identified by ISIN US3128X6FN13 and CUSIP 3128X6FN1, this bond was issued by Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation. As a prominent government-sponsored enterprise (GSE) in the United States, Freddie Mac plays a vital role in the nation's housing finance system, mandated by Congress to provide liquidity, stability, and affordability to the mortgage market primarily by purchasing mortgages from lenders and then securitizing them or holding them in portfolio. This particular bond, issued in the United States and denominated in U.S. Dollars (USD), carried a fixed interest rate of 6.375% and featured semi-annual coupon payments. The total issuance size amounted to $80,000,000, with a minimum investment threshold set at $1,000. At various points, including prior to its maturity, the bond's market price was observed at 100% of its face value, reflecting its par trading. The instrument reached its scheduled maturity date on June 29, 2022, and has since been completely redeemed and repaid to bondholders.