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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fresenius SE & Co KGaA | TG:FRE | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.33 | 1.11% | 30.13 | 30.11 | 30.12 | 30.17 | 29.73 | 29.96 | 6,672 | 09:17:46 |
Freddie Mac (FRE) on Tuesday announced that it would sell a benchmark-size, three-year note this week.
The mortgage finance giant hopes to continue the good run that government-sponsored enterprises have had in the debt market in recent months.
Earlier this month, Fannie Mae (FNM) raised $7 billion in five-year notes, and is expected to announce another issue next week.
The price talk on Freddie's new issue is in the range of 90 basis points over comparable Treasury yields.
"The pricing is designed to attract the domestic money mangers critical to making any deal work in this market, particularly on a day as hectic as today," said Jim Vogel, agency strategist with FTN Financial, in a note.
Meanwhile, Fannie's current 3-year note was trading 4.5 basis points weaker at 72 basis points late Tuesday morning, according to TradeWeb data.
The issue is expected to be priced Wednesday, and settle Thursday. The bookrunners on the deal are J.P. Morgan Chase, Morgan Stanley and UBS.
-By Prabha Natarajan, Dow Jones Newswires; 201-938-5071; prabha.natarajan@dowjones.com
1 Year Fresenius SE & Co KGaA Chart |
1 Month Fresenius SE & Co KGaA Chart |
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