MCLEAN, Va. - Freddie Mac said it plans next week to float $5.9 billion worth of five-year EuroReference notes due Jan. 15, 2006.
ABN Amro, Morgan Stanley Dean Witter, and Schroder Salomon Smith Barney are the joint lead underwriters for the deal.
The issue, to be priced next week, is the second in Freddie Mac's $23.6 billion-a-year EuroReference notes program in September with a 10-year, $5.9 billion issue at a coupon of 5.75% due Sept. 15, 2010.
The first issue "had an outstanding reception, becoming one of the most active, liquid issues on the Euro bond market," said Greg Parseghian, senior vice president and chief investment officer at Freddie Mac. "We anticipate that this position will strengthen even more as we complete the yield curve."