Freddie announces 10 year sub debt as steepening curve leaves sector cheap

March 09, 2001 12:00 am

Freddie Mac will this week launch its debut subordinated debt issue, a $2bn 10 year bullet, through lead managers Goldman Sachs and Merrill Lynch. Freddie Mac's subordinated debt programme is rated Aa2 by Moody's and has a preliminary rating of AA- from Standard&Poor's.

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