freddie

Tender pick-up

Category: Capital Relief Trades


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Buyback value depends on specifics of each bondholder

Freddie Mac broke new ground with its tender offer last week, but there is some doubt about how many investors will be interested in surrendering their by now valuable paper, say market experts.

The average coupon of the eight tranches on offer is 3.85%, and the range is between 2.43%

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