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For Immediate Release
May
01,
2006
Contact:
corprel@freddiemac.com
or (703) 903-3933
FREDDIE MAC ANNOUNCES PRELIMINARY RESULTS OF TENDER OFFERS ON DEBT SECURITIES WITH EXPIRED OPTIONS
REVISED
McLean, VA – Freddie Mac (NYSE: FRE) today announced the preliminary results of the cash tender offers for the repurchase of a targeted group of European-style callable debt securities with expired options, which closed at 4 p.m. EDT on Friday, April 28, 2006. Any updates to the results of the tender offer will be available on Freddie Mac's Debt Securities Web page at www.FreddieMac.com/debt/auctionrepurch/tenders0406.html.
Freddie Mac repurchased a total of $7.1 billion of the following debt securities:
| CUSIP / ISIN |
Title of Security |
Principal Amount Tendered |
Principal Amount Outstanding
Following Tender Offer |
3128X3SM6/
US3128X3SM61 |
3.750% Debt Security due
August 3, 2007 |
$438,856,000 |
$1,138,149,000 |
3128X3TM5/
US3128X3TM52 |
3.375% Debt Security due
August 23, 2007 |
$155,595,000 |
$682,870,000 |
3128X3VY6/
US3128X3VY62 |
3.300% Debt Security due
September 14, 2007 |
$248,102,000 |
$751,898,000 |
3128X2J22/
US3128X2J224 |
2.875% Debt Security due
September 18, 2007 |
$4,670,000 |
$495,330,000 |
| 3128X3C76 |
3.520% MTN due
October 18, 2007 |
$985,000,000 |
$15,000,000 |
| 3128X3ZZ9 |
3.500% MTN due
October 19, 2007 |
$367,907,000 |
$378,593,000 |
3128X3H55/
US3128X3H556 |
3.250% Debt Security due
November 2, 2007 |
$471,588,000 |
$1,376,034,000 |
3128X3L50/
US3128X3L509 |
3.350% Debt Security due
November 9, 2007 |
$259,963,000 |
$265,037,000 |
3128X3N74/
US3128X3N745 |
3.550% Debt Security due
November 15, 2007 |
$999,812,000 |
$500,188,000 |
3128X0C64/
US3128X0C645 |
3.500% Debt Security due
February 13, 2008 |
$99,174,000 |
$330,391,000 |
3128X03N7/
US3128X03N79 |
3.500% Debt Security due
April 1, 2008 |
$172,336,000 |
$1,577,432,000 |
3128X36N8/
US3128X36N88 |
4.300% Debt Security due
September 24, 2008 |
$112,825,000 |
$387,175,000 |
3128X2ME2/
US3128X2ME27 |
3.875% Debt Security due
January 12, 2009 |
$685,744,000 |
$1,664,256,000 |
3128X2P90/
US3128X2P908 |
3.755% Debt Security due
March 18, 2009 |
$149,391,000 |
$453,763,000 |
3128X3SL8/
US3128X3SL88 |
4.375% Debt Security due
July 30, 2009 |
$290,177,000 |
$637,448,000 |
3128X3VA8/
US3128X3VA86 |
4.125% Debt Security due
September 1, 2009 |
$203,034,000 |
$1,676,805,000 |
3128X3K85/
US3128X3K857 |
4.125% Debt Security due
November 18, 2009 |
$229,874,000 |
$770,126,000 |
3128X33F8/
US3128X33F81 |
4.375% Debt Security due
January 25, 2010 |
$274,326,000 |
$662,174,000 |
3128X34W0/
US3128X34W06 |
4.250% Debt Security due
February 24, 2010 |
$81,575,000 |
$393,672,000 |
3128X35R0/
US3128X35R02 |
4.375% Debt Security due
March 1, 2010 |
$155,635,000 |
$844,365,000 |
3128X2EV3/
US3128X2EV34 |
4.750% Debt Security due
December 8, 2010 |
$286,321,000 |
$1,713,679,000 |
3128X2HT5/
US3128X2HT50 |
4.500% Debt Security due
December 16, 2010 |
$270,627,000 |
$666,473,000 |
3128X2ZQ1/
US3128X2ZQ10 |
4.125% Debt Security due
February 24, 2011 |
$172,224,000 |
$1,815,426,000 |
| Total |
|
$7,114,756,000 |
|
This announcement is neither an offer to sell nor a solicitation of offers to buy any of these securities. Neither Freddie Mac, nor the lead manager, nor the co-dealer managers made any recommendation that any holder of the securities tender or refrain from tendering all or any portion of the principal amount of such holder's securities. Freddie Mac's securities are obligations of Freddie Mac only. The securities, including any interest or return of discount on the securities, are not guaranteed by and are neither debts nor obligations of the United States or any federal agency or instrumentality other than Freddie Mac. The tender offers were made only upon the terms and subject to the conditions set forth in the Offer to Purchase [PDF102K] dated April 24, 2006.
Freddie Mac is a stockholder-owned company established by Congress in 1970 to support homeownership and rental housing. Freddie Mac fulfills its mission by purchasing residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than four million renters in America.
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