Bond Freddy Mac 6% ( US3128X96Y17 ) in USD
Issuer | Freddy Mac | ||
Market price | 100 % ▼ | ||
Country | ![]() |
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ISIN code |
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Interest rate | 6% per year ( payment 2 times a year) | ||
Maturity | 28/04/2025 - Bond has expired | ||
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Minimal amount | 1 000 USD | ||
Total amount | 50 000 000 USD | ||
Cusip | 3128X96Y1 | ||
Standard & Poor's ( S&P ) rating | N/A | ||
Moody's rating | N/A | ||
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 details a specific bond issuance originating from Freddie Mac, officially known as the Federal Home Loan Mortgage Corporation, a prominent government-sponsored enterprise (GSE) operating within the United States. Established in 1970, Freddie Mac plays a crucial role in the U.S. housing finance system by providing liquidity to the mortgage market through the purchase of mortgages from lenders, which are then packaged into mortgage-backed securities, thereby fostering stability and affordability in housing. This particular debt instrument, identified by its ISIN US3128X96Y17 and CUSIP 3128X96Y1, was denominated in United States Dollars (USD) and issued under the jurisdiction of the United States. The bond featured an annual interest rate of 6% and represented a total issue size of $50,000,000, with a minimum investment threshold set at $1,000. Interest payments were structured on a semi-annual basis, providing regular income to bondholders throughout its term. The bond reached its scheduled maturity on April 28, 2025, at which point its market price was observed at 100% of its par value, and it is confirmed that this obligation has successfully matured and has been fully redeemed and repaid to its bondholders. |