Bond Freddy Mac 4% ( US3133F4GS40 ) in USD
Issuer | Freddy Mac |
Market price | 100 % ⇌ |
Country | ![]() |
ISIN code |
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Interest rate | 4% per year ( payment 2 times a year) |
Maturity | 15/10/2024 - Bond has expired |
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Minimal amount | 1 000 USD |
Total amount | 23 381 000 USD |
Cusip | 3133F4GS4 |
Standard & Poor's ( S&P ) rating | AA+ ( High grade - Investment-grade ) |
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 article provides an informative overview of a recently matured debt instrument issued by Freddie Mac, identified by the ISIN US3133F4GS40 and CUSIP 3133F4GS4. The bond, denominated in USD, carried a fixed annual interest rate of 4%, with payments distributed semi-annually. Freddie Mac, officially known as the Federal Home Loan Mortgage Corporation, is a United States government-sponsored enterprise (GSE) established in 1970 to facilitate the secondary market for mortgages. Its primary function involves purchasing mortgages from lenders and subsequently packaging them into mortgage-backed securities (MBS) for sale to investors, thereby providing liquidity and stability to the U.S. housing finance system. Given its crucial role and implicit government backing, Freddie Mac is a significant and influential entity within the American financial landscape. The bond issue had a total size of $23,381,000, with a minimum investment threshold set at $1,000 per purchase. This particular bond reached its scheduled maturity date on October 15, 2024, and was subsequently redeemed at its par value of 100% of the principal amount. Its creditworthiness was evaluated by Standard & Poor's (S&P), which assigned a robust 'AA+' rating, indicating a very strong capacity to meet its financial commitments, though it is slightly more susceptible to the adverse effects of changes in circumstances and economic conditions than bonds rated 'AAA'. The successful redemption of this debt instrument underscores Freddie Mac's consistent reliability in fulfilling its financial obligations within the U.S. capital markets. |