The Federal Home Loan Mortgage Corp: plans to offer in July $1.5 billion of fiveyear notes simultaneously in the United States, Europe, Asia, and elsewhere, easing 24-hour trading in the issue.
Freddie Mac says its representatives have been in Asia this week to meet with potential investors
"Structuring this bond to appeal to international investors enables us to widen the market for Freddie Mac debt securities beyond the U.S., and begins a new long-term commitment to the global bond markets on the part of Freddie Mac," said Paul Peterson, senior vice president.
Lead managers of the issue will be Goldman, Sachs & Co. and Salomon Brothers inc.
The Federal National Mortgage Association also recently announced a global debt offering.