Freddie Mac wraps up remic roadshow

The US housing agency wraps up Asian roadshows for its forthcoming issue of Reference Remic securities.

Freddie Mac yesterday finished regional roadshows for its forthcoming issue of $2.4 billion of Reference Remic securities. The US housing agency had been to Singapore, Taipei, Macau, Hong Kong, Tokyo, Seoul and Beijing this week to sell the securities that will price next week.

The product is a new twist on an old theme. Traditional remics real estate mortgage investment conduits are just re-packaged pass-through securities. Traditional pass-throughs see both the principal and interest on US...

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