Freddie Mac Issues 2010 Funding Calendars

PR Newswire

posted: 14 DAYS 8 HOURS AGO

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MCLEAN, Va., Nov. 13 /PRNewswire-FirstCall/ -- Freddie Mac (NYSE: FRE) today issued its 2010 funding calendars, which provide optional announcement dates for Reference Notes® securities and announcement and auction dates for Reference Bills® securities. The 2010 funding calendars are available on the Debt Securities page of the company's Web site at www.FreddieMac.com .

On the Reference Notes announcement dates set forth on Freddie Mac's 2010 Reference Notes Calendar, Freddie Mac will announce whether it plans to issue a Reference Notes security. If a Reference Notes security will be issued, Freddie Mac will also provide relevant transaction information.

Freddie Mac's 2010 Reference Bills Calendar provides announcement and auction dates for one-, three-, six- and 12-month Reference Bills securities. One-month Reference Bills auctions will be optional each week, with a minimum of one auction per month. Three- and six-month Reference Bills will be auctioned every week. Auctions of 12-month Reference Bills securities will be optional each week. During the year, Freddie Mac will auction all one-, three-, six- and 12-month Reference Bills securities on Mondays unless Monday is a holiday. If Monday is a holiday, the auction will occur on Tuesday. Reference Bills auction announcements occur at 10:30 a.m., Eastern Time, on Fridays.

The announcement is neither an offer to sell nor a solicitation to buy any of these securities. Any such offering will be made by an offering circular and pricing supplement.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

SOURCE Freddie Mac

2009-11-13 08:30:00