March 27, 2009 (FinancialWire) -- Mortgage funder Freddie Mac (NYSE: FRE) has priced its new 1.625% $5 billion two-year USD reference notes security due on April 26, 2011. The issue was priced at 99.953 to yield 1.648%, or 71 basis points more than two-year U.S. Treasury notes. The issue will settle on March 27.

The new two-year reference notes security was offered via a syndicate of dealers headed by Banc of America Securities (NYSE: BAC), Credit Suisse (NYSE: CS) and RBS Greenwich Capital.

Including the latest offering, Freddie Mac has issued $24.5 billion of reference notes securities during 2009 and has approximately $267 billion in reference notes and reference bonds securities outstanding.

McLean, Virginia-based Freddie Mac was established by Congress in 1970 to provide mortgage capital to lenders.

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