Debt Products

Discount notes are short term U.S. dollar denominated unsecured general corporate obligation.

Reference Bills® securities are short term U.S. dollar denominated unsecured general corporate obligations. Reference Bills® are issued under our Discount Notes program.

Freddie Mac issues a variety of fixed and floating rate medium term notes (MTNs) of various sizes and maturities.

Reference Notes® securities are U.S. dollar denominated, non-callable, fixed-rate unsecured term debt securities with maurities of more than one year.

Subordinated debt securities are debt securities that rank junior in right of payment to all Freddie Mac's senior debt obligations.