With the issuance of its upcoming second Euro Reference Note, for EURO5 billion - officially launching and pricing this week - Freddie Mac is hoping to establish in the Euro market what it has dubbed "The New Liquidity," offering investors sovereign-like liquidity with credit-product returns.
"Of 119 issues that currently trade on the Euro MTS trading platform, Freddie Mac's last Euro issue ranks as the third most actively traded bond, and it ranks second, if you consider that the first two top-rated are both from the same country, Italy," said Jon Prince, the managing director of debt marketing at the GSE. "And how are we doing that? MTS is an inter-dealer platform, and dealers know our name very well. They've seen our U.S. dollar product, and our last bond was a clean 10-year issue."