Bond Freddy Mac 0.41% ( US3134GXHK39 ) in USD
Issuer | Freddy Mac |
Market price | 93.2188 % ⇌ |
Country | ![]() |
ISIN code |
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Interest rate | 0.41% per year ( payment 2 times a year) |
Maturity | 24/03/2025 - Bond has expired |
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Minimal amount | 1 000 USD |
Total amount | 25 000 000 USD |
Cusip | 3134GXHK3 |
Standard & Poor's ( S&P ) rating | N/A |
Moody's rating | Aaa ( Prime - 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 financial analysis focuses on a specific fixed-income security, identified by ISIN US3134GXHK39 and CUSIP 3134GXHK3, originally issued by Freddie Mac, also known as the Federal Home Loan Mortgage Corporation. Freddie Mac, a prominent U.S. government-sponsored enterprise (GSE), plays a crucial role in the secondary mortgage market by purchasing and securitizing mortgages, thereby increasing the availability of affordable housing finance for American families. This particular bond, denominated in USD, featured a coupon interest rate of 0.41% and was part of a total issuance valued at $25,000,000, with a minimum purchase increment of $1,000. Interest payments were structured on a semi-annual basis, reflecting a payment frequency of two per year. While its last reported market price was 93.2188% of par, it is pertinent to highlight that this bond, originally set to mature on March 24, 2025, has since reached its maturity date and has been fully redeemed. The bond's exceptional credit quality was further underscored by a 'Aaa' rating from Moody's, the highest possible investment-grade rating, which reflected the issuer's robust financial standing and the implied support from the U.S. government, contributing to extremely low credit risk for investors. |