Freddie Mac Sells $1B Notes in Reopening

McLEAN, Va. (AP) -- Government-backed mortgage financier Freddie Mac said Thursday it auctioned a $1 billion reopening of its 5 percent two-year notes security.

The USD reference note matures on June 11, 2009.

After the reopening, which was conducted through an Internet-based auction, the total outstanding size of the notes will be $6 billion. The issue will settle on Friday.

Freddie Mac has applied to list the issue on the Euro MTF market of the Luxembourg Stock Exchange.

Including today's reopening, Freddie Mac has issued $40 billion of reference notes securities during 2007 and has about $248 billion in reference notes and reference bonds securities outstanding.

Freddie Mac shares fell 67 cents to $59.48 in afternoon trading.