Bond Freddy Mac 0% ( US3128X9BW96 ) in USD

Issuer	Freddy Mac
Market price	100 % ⇌
Country	United States
ISIN code	US3128X9BW96 ( in USD )
Interest rate	0%
Maturity	19/08/2024 - Bond has expired
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Minimal amount	1 000 USD
Total amount	100 000 000 USD
Cusip	3128X9BW9
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 debt instrument identified by its ISIN US3128X9BW96 and CUSIP 3128X9BW9, issued by Freddie Mac, a prominent government-sponsored enterprise (GSE) based in the United States. Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation, was established in 1970 with the mission to provide liquidity, stability, and affordability to the U.S. housing market by purchasing mortgages from lenders and packaging them into mortgage-backed securities for sale to investors. This particular obligation, originating from the United States and denominated in USD, represented a total issuance size of 100,000,000 units, with a minimum purchase increment set at 1,000 units. A distinguishing feature of this bond was its 0% interest rate, indicating that it was structured as a zero-coupon instrument, which does not provide periodic interest payments but is typically redeemed at its face value upon maturity. The bond?s market price at the time of its final settlement was recorded at 100% of its principal. With a stated payment frequency of 2, typically implying semi-annual cycles for coupon bonds, this zero-coupon obligation reached its scheduled maturity date on August 19, 2024, and has since been fully reimbursed to its bondholders, marking the successful conclusion of its lifecycle within the financial markets.