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Real Estate & Property Law

: Housing Wire

Freddie Buys Back $18bn in Short-term Debt

By KELLY CURRAN

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Freddie Mac (FRE: 0.73 -3.95%) on Friday ended its largest ever cash tender offer, reporting it bought back $18.04bn of its securities. The tender was announced June 1 in attempt to reduce the GSE’s effective short-term debt and move toward larger, longer-term deals with lower rates. The offered debt contained issues totaling nearly $70bn. Those securities accepted [...]

Full post as published by Housing Wire on June 08, 2009 (boomark / email).

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