Bond Freddy Mac 4% ( US3134GXVB73 ) 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 | 13/12/2024 - Bond has expired |
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Minimal amount | 1 000 USD |
Total amount | 50 000 000 USD |
Cusip | 3134GXVB7 |
Standard & Poor's ( S&P ) rating | AA+ ( High grade - Investment-grade ) |
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 examines a specific bond, identified by ISIN US3134GXVB73 (CUSIP: 3134GXVB7), issued by Freddie Mac. The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, is a prominent government-sponsored enterprise (GSE) based in the United States, primarily tasked with providing liquidity, stability, and affordability to the U.S. housing market by purchasing mortgages from lenders and transforming them into mortgage-backed securities. This particular debt instrument, denominated in USD, featured an annual interest rate of 4%, with coupon payments disbursed semi-annually. The total issuance size for this bond was $50,000,000, with investors able to acquire it in minimum increments of $1,000. Originally set to mature on December 13, 2024, this obligation has successfully reached its maturity date and has been fully redeemed, returning principal to its investors. Reflecting its strong credit quality and the implicit support of its GSE status, the bond commanded high credit ratings: an AA+ from Standard & Poor's and the top-tier Aaa from Moody's. |