Bond Freddy Mac 7% ( US3128X8PQ99 ) in USD
Issuer | Freddy Mac |
Market price | 100 % ⇌ |
Country | ![]() |
ISIN code |
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Interest rate | 7% per year ( payment 2 times a year) |
Maturity | 25/03/2024 - Bond has expired |
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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Minimal amount | 1 000 USD |
Total amount | 60 000 000 USD |
Cusip | 3128X8PQ9 |
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 insightful analysis focuses on a recently matured fixed-income instrument, identified by ISIN US3128X8PQ99 and CUSIP 3128X8PQ9, which was a debt security issued by Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation, a prominent government-sponsored enterprise (GSE) operating in the United States and established by Congress to foster liquidity, stability, and affordability within the U.S. housing market by acquiring mortgages from lenders and subsequently transforming them into mortgage-backed securities or holding them within its portfolio, thereby mitigating interest rate risk for originators and enhancing capital flow across the financial system; this specific bond, denominated in U.S. Dollars (USD) and originating from the United States, featured an annual interest rate of 7% and comprised a total issuance size of $60,000,000, with a minimum acquisition threshold set at $1,000 per unit; and having historically traded at a market price of 100% as its expiration neared, this obligation, structured for semi-annual interest payments, successfully reached its designated maturity date on March 25, 2024, at which point it was fully redeemed, signifying the complete repayment of principal and final interest distributions to bondholders, thus concluding its operational phase within the capital markets. |