Bond Freddy Mac 0.32% ( US3134GXJJ48 ) in USD
Issuer | Freddy Mac |
Market price | 100 % ▲ |
Country | ![]() |
ISIN code |
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Interest rate | 0.32% per year ( payment 2 times a year) |
Maturity | 28/06/2024 - Bond has expired |
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Minimal amount | 1 000 USD |
Total amount | 50 000 000 USD |
Cusip | 3134GXJJ4 |
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 article details a specific debt instrument, identified by its ISIN US3134GXJJ48 and CUSIP 3134GXJJ4, which was issued in the United States by Freddie Mac, formally known as the Federal Home Loan Mortgage Corporation, a government-sponsored enterprise (GSE) established by Congress to provide liquidity, stability, and affordability to the U.S. housing market by purchasing mortgages from lenders. The bond, denominated in USD, featured an interest rate of 0.32% with payments occurring twice annually, comprised a total issue size of 50,000,000 units, and had a minimum purchase size of 1,000 units. Noteworthy is its maturity on June 28, 2024, at which point it was repaid in full, consistent with its current market price of 100%, and throughout its lifecycle, it held the highest possible credit rating of Aaa from Moody's, reflecting its exceptionally low credit risk profile. |