Bond Freddy Mac 7.4% ( US312924M758 ) in USD
| Issuer | Freddy Mac |
| Market price | |
| Country | United States
|
| ISIN code |
US312924M758 ( in USD )
|
| Interest rate | 7.4% per year ( payment 2 times a year) |
| Maturity | 22/01/2027 |
|
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|
| Minimal amount | 1 000 USD |
| Total amount | 75 000 000 USD |
| Cusip | 312924M75 |
| Next Coupon | 22/01/2026 ( In 38 days ) |
| 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 provides an in-depth overview of a specific bond issuance, identified by its ISIN code US312924M758 and CUSIP code 312924M75. The bond's issuer is Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation, a prominent government-sponsored enterprise (GSE) chartered by the U.S. Congress in 1970 to provide liquidity, stability, and affordability to the nation's housing market; Freddie Mac achieves this by purchasing mortgages from lenders and transforming them into mortgage-backed securities (MBSs) for sale to global investors, thereby facilitating the flow of capital in the housing finance system and whose obligations are widely considered to carry an implicit government guarantee. Issued within the United States and denominated in United States Dollars (USD), this particular bond currently trades at 100% of its face value on the market, indicating it is trading at par. It offers a fixed annual interest rate of 7.4%, with interest payments disbursed semi-annually to bondholders. The total size of this issuance is 75,000,000 USD, and the minimum investment increment for acquisition is set at 1,000 USD. This bond is scheduled to reach its maturity on January 22, 2027. |
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