The sale of the Freddie bonds yielding 113 basis points more than comparable Treasuries came less then a week after Fannie Mae paid a record 122.5bp more than Treasuries to entice investors to a three-year issue that raised $3.5 billion.
Wednesday, August 20, 2008
Freddie Pays Huge Premium on Debt Offering
The severity of the problems at Freddie Mac was underscored yesterday as Freddie paid its highest risk premium yet on a five-year debt issue to raise $3 billion.
The sale of the Freddie bonds yielding 113 basis points more than comparable Treasuries came less then a week after Fannie Mae paid a record 122.5bp more than Treasuries to entice investors to a three-year issue that raised $3.5 billion.
The sale of the Freddie bonds yielding 113 basis points more than comparable Treasuries came less then a week after Fannie Mae paid a record 122.5bp more than Treasuries to entice investors to a three-year issue that raised $3.5 billion.
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