Freddie Mac will demonstrate its intent to develop broader and deeper demand for its Reference Note product in Europe when it launches a $4bn three year issue next week. The US agency's funding officials have conducted a series of meetings with UK and continental investors over the past few days to build awareness of its product, and Freddie Mac has also taken the rare step of appointing two European lead managers to the deal. ABN Amro and Warburg Dillon Read will be joined by a sole US firm, Morgan Stanley Dean Witter, as bookrunners on the offering.
October 08, 1999