Bond Freddy Mac 0% ( US3134G1ZX56 ) in USD

Issuer	Freddy Mac
Market price	100 % ⇌
Country	United States
ISIN code	US3134G1ZX56 ( in USD )
Interest rate	0%
Maturity	23/11/2040
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Minimal amount	1 000 USD
Total amount	122 233 000 USD
Cusip	3134G1ZX5
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. An in-depth review of a specific debt instrument reveals key characteristics pertinent to fixed-income portfolios, with a focus on an obligation issued by Freddie Mac. Freddie Mac, officially known as the Federal Home Loan Mortgage Corporation, is a prominent government-sponsored enterprise (GSE) in the United States, established with the critical mission to provide liquidity, stability, and affordability to the nation's housing market; it achieves this by purchasing mortgages from lenders and subsequently packaging these into mortgage-backed securities (MBS) for sale to investors, thus playing a pivotal role in ensuring the availability of mortgage credit and the overall health of the American housing finance system. The bond under examination, identified by ISIN US3134G1ZX56 and CUSIP 3134G1ZX5, originates from the United States and is currently trading at 100% of its par value, denominated in U.S. Dollars. A notable feature of this particular instrument is its stated interest rate of 0%, which typically signifies a zero-coupon bond, where the return to the investor is realized through the difference between the purchase price and the full par value received at maturity. The total issuance size for this obligation amounts to $122,233,000, with a minimum purchase size set at $1,000, making it accessible to a range of institutional and individual investors. Its maturity date is firmly set for November 23, 2040, offering a long-term investment horizon. Despite the zero-interest rate, the payment frequency is listed as 2, which conventionally denotes semi-annual disbursements for coupon-bearing instruments; in the context of a zero-coupon bond, this detail typically refers to the ultimate principal repayment at maturity or could indicate a specific structural nuance of the bond's terms.