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Freddie Mac will offer to purchase from investors for cash the Target Securities through Goldman Sachs International, the designated lead dealer manager for the Offers, and Barclays Bank PLC and Deutsche Bank AG, London Branch, the designated dealer managers for the Offers. Freddie Mac is offering to purchase any and all of the Target Securities listed in the table below. Each series of Target Securities will be purchased at a fixed spread over the applicable reference swap rate for such series of Target Securities.
The tender offer period will commence on Monday, June 15, 2009, at 9 a.m. London time and expire at 5 p.m., London time on Friday, June 19, 2009, unless extended. Holders of the Target Securities wishing to submit orders to tender may do so by calling the dealer managers at any time between 9 a.m. and 5 p.m. London time during the tender offer period. Target Securities accepted for purchase will be priced on Monday, June 22, 2009 at approximately 9 a.m. London time. Results of the Offers will be available on Freddie Mac's Debt Securities Web page at www.FreddieMac.com/debt on Monday, June 22, 2009. The Target Securities purchased will settle on June 25, 2009 (the "Settlement Date").
Each proper tender of Target Securities with respect to an Offer will be irrevocable, and there are no withdrawal rights with respect to an Offer.
The table below sets forth the fixed spread to be used to determine the purchase price for each series of Target Securities tendered pursuant to the applicable Offer. The purchase price will be determined in the manner described in the Offer to Purchase dated June 15, 2009, by reference to the applicable fixed spread (listed below) over the applicable reference swap rate, plus an amount equal to any accrued and unpaid interest to, but excluding, the Settlement Date.
CUSIP/ISIN Title of Security Principal Amount Fixed Spread
Outstanding (bps)
3134A35G7/ 5.75% Notes due euro 2,897,378,000 0
XS0117858323 September 15, 2010
31339QAE9/ 5.125% Notes due 1,796,119,000 0
XS0136341814 January 15, 2012
31339QAH2/ 4.75% Notes due 1,477,902,000 0
XS0154444870 January 15, 2013
31339QAA7/ 4.375% Notes due 1,954,104,000 0
XS0184595311 January 15, 2014
Total euro 8,125,503,000
This announcement is neither an offer to sell nor a solicitation of offers to buy any of the Target Securities. Neither Freddie Mac, nor the dealer managers, nor the Information Agent, nor the Paris Agent make any recommendation that any holder of the Target Securities tender or refrain from tendering all or any portion of the principal amount of such holder's securities. Holders must make their own decisions whether to tender any Target Securities, and if so, decide on the principal amount of the Target Securities to tender. Freddie Mac's securities are obligations of Freddie Mac only. The Target 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 Offers are being made only upon the terms and subject to the conditions set forth in the Offer to Purchase dated June 15, 2009.
Copies of the Offer to Purchase may be obtained on Freddie Mac's Web site at www.FreddieMac.com/debt or from the Information Agent for the Offers, Lucid Issuer Services Limited at + 44 (20) 7704 0880.
Questions regarding the Offers may be directed to Goldman Sachs International at +44 (20) 7774 5584 or in the United States at (800) 828-3182, Barclays Bank PLC at +44 (20) 7773 8990 or in the United States at (800) 438-3242, or Deutsche Bank AG, London Branch at +44 (20) 7545 8011 or in the United States at (866) 627-0391.
This announcement does not constitute an invitation to participate in the Offers in or from any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such Offer under applicable securities laws or otherwise.
The distribution of materials relating to the Offers, and the transactions contemplated by the Offers, may be restricted by law in certain jurisdictions where it is legal to do so. The Offers are void in all jurisdictions where it is prohibited. If materials relating to the Offers come into your possession, you are required by Freddie Mac to inform yourself of and to observe all of these restrictions. The materials relating to the Offers do not constitute, and may not be used in connection with, an offer or solicitation in any place where offers or solicitations are not permitted by law. If a jurisdiction requires that the Offers be made by a licensed broker or dealer and a dealer manager or any affiliate of a dealer manager is a licensed broker or dealer in that jurisdiction, the Offers shall be deemed to be made by the dealer manager or such affiliate on behalf of Freddie Mac in that jurisdiction.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the United States by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters. www.FreddieMac.com
SOURCE Freddie Mac
http://www.freddiemac.com
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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