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Freddie Mac Lists Securities Transitioning from LIBOR, Together with Fallback Reference Rates

Freddie Mac Lists Securities Transitioning from LIBOR, Together with Fallback Reference Rates

MCLEAN, Va., April 13, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today posted to its website a of more than 34,000 Freddie Mac floating-rate securities transitioning from LIBOR to replacement indices based on the Secured Overnight Financing Rate (SOFR). The transition will begin on July 1, 2023, the day after ICE Benchmark Administration Limited has announced it will cease publication of a representative rate for all remaining tenors of USD LIBOR.

“Freddie Mac today moved another step closer to completing its years-long transition from LIBOR to new SOFR-based reference rates,” said Karen Pilewski, senior director and lead for Freddie Mac LIBOR transition implementation. “The assignment of a fallback reference rate to every remaining LIBOR-indexed Freddie Mac security offers market participants added confidence that their investments will transition seamlessly to the replacement index at LIBOR’s cessation.”

The securities include Freddie Mac Participation Certificates, Giants, Collateralized Mortgage Obligations, Credit Risk Transfer securities and Multifamily PCs and SPCs for which Freddie Mac is responsible for selecting the replacement index. The list provides a CUSIP, prior index and replacement index for each security.

To view the list and learn more about the LIBOR transition, please visit . The page links to the , , for each legacy LIBOR product, and other relevant information.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: | | | | | |

MEDIA CONTACT: Fred Solomon

703-903-3861

INVESTOR CONTACT: Ameez Nanjee

571-382-4090



EN
13/04/2023

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