Federal Home Loan Mortgage Corp (OTCMKTS:FMCC) reported that it auctioned a reopening of its 1.50% 3-year USD Reference Notes security. This reopening worth $500 million matures on January 17, 2020. The bid-to-cover ratio stood at 3.95 to 1. As per the update, the stop yield for this issue was measured at 1.480%, as it was priced at 100.057.
Following the reopening, which was planned through an Internet-based auction, the due size is $3.5 billion. This issue will close on February 9, 2017. All auction details can be listed on company’s debt securities site. This release is not a sell offer of Federal Home securities. Proposals for any given security are done only via applicable proposals circulars and linked supplements, which integrate company’s Annual Report on Form 10-K for the fiscal closed December 31, 2015, submitted with the “SEC” on February 18, 2016.
All other reports that company submitted with the SEC depending on Section 13(a) of the Exchange Act since December 31, 2015, discounting any information provided to the SEC on Form 8-K, and all applicable documents that company submits with the SEC depending on the Sections 13(a), 14 or 13(c) of the Exchange Act, eliminating any information “provided” to the SEC.
Earlier Federal National confirmed that its application filed to delist company’s Benchmark Bonds® as well as Benchmark Notes® from the popular Luxembourg Stock Exchange was passed on February 2, 2017. These will be delisted from the approved stock list of the Luxembourg Stock Exchange while it will be removed from the Euro MTF market from March 31, 2017.
Federal National’s HPSI for January jumped by 2% to 82.7. It gained 1.2% points as versus the same time preceding year. The HPSI distills info linked to consumers’ HPSI from NHS into a distinct number. It exhibits consumers’ views and future prospects from housing industry.