Bond Freddy Mac 3.06% ( US3134GXWB64 ) in USD
Issuer | Freddy Mac |
Market price | 100 % ▲ |
Country | ![]() |
ISIN code |
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Interest rate | 3.06% per year ( payment 2 times a year) |
Maturity | 29/05/2024 - Bond has expired |
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Minimal amount | 1 000 USD |
Total amount | 50 000 000 USD |
Cusip | 3134GXWB6 |
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 analysis details a fixed-income instrument, ISIN US3134GXWB64 (CUSIP: 3134GXWB6), which recently reached its maturity on May 29, 2024, and has been successfully repaid. Issued by Freddie Mac, or the Federal Home Loan Mortgage Corporation, a pivotal United States-based Government-Sponsored Enterprise (GSE) integral to fostering liquidity and stability in the U.S. mortgage market, this bond was part of a $50,000,000 issuance, with a minimum purchase size of $1,000. Denominated in USD, it carried an annual interest rate of 3.06%, disbursed semi-annually, reflecting its original coupon structure. At the time of its repayment, the bond traded at 100% of its par value. The instrument benefited from exceptionally high credit ratings, including an AA+ from Standard & Poor's and an Aaa from Moody's, underscoring the robust creditworthiness of Freddie Mac and the bond's investment-grade quality throughout its life. |