Freddie euro wins praise, but real test yet to come

Freddie Mac won a resounding victory in its attempt to add euro investors to its arsenal of funding sources this week when it sold Eu5bn of 10 year EuReference Notes, gaining many supporters across Europe through its pragmatic approach to the market.

  • 15 Sep 2000
Intense speculation followed the announcement by Freddie Mac in August that it would raise Eu20bn annually in euros, with many investors and bankers alike weary of seeing similar plans fail when borrowers have failed to square market clearing levels with their funding targets. However, during an extensive roadshow ...

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