Freddie Mac (FRE) priced $5 billion, 2-year reference notes on Thursday. The deal priced at a yield of 1.648%. The lead managers on the deal were Banc of America Securities, Credit Suisse and RBS Greenwich Capital. Asian investors were bullish on this deal, market participants said.

Terms were as follows:

 
Amount:         $5 billion 
Maturity:       April 26, 2011 
Coupon:         1.625% 
Issue Price:    99.953 
Yield:          1.648% 
Spread:         + 71 basis points 
Settlement:     March 27, 2009 
Call:           Noncallable

-By Prabha Natarajan, Dow Jones Newswires; 201-938-5071; prabha.natarajan@dowjones.com