Bond Freddy Mac 0% ( US312924M675 ) in USD
Issuer | Freddy Mac |
Market price | 100 % ⇌ |
Country | ![]() |
ISIN code |
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Interest rate | 0% |
Maturity | 16/01/2025 - Bond has expired |
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Minimal amount | 1 000 USD |
Total amount | 2 000 000 000 USD |
Cusip | 312924M67 |
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 bond identified by ISIN US312924M675 and CUSIP 312924M67, which was issued by Freddie Mac, officially the Federal Home Loan Mortgage Corporation. As a prominent U.S. government-sponsored enterprise (GSE), Freddie Mac plays a crucial role in providing liquidity, stability, and affordability to the U.S. housing market by purchasing mortgages and securitizing them. This particular obligation, originating from the United States and denominated in USD, represented a total issuance size of $2,000,000,000, with a minimum purchase increment set at $1,000. Prior to its maturity, the bond was quoted at a market price of 100% and carried an interest rate of 0%, with an initial payment frequency of two times per year. The maturity date for this instrument was January 16, 2025, and it has since successfully reached maturity and been fully redeemed, with principal repayment completed to its holders. |