Friday June 5, 2020

Freddie Mac to pull bonds from Irish Stock Exchange

Freddie Mac needed a $71 billion bailout by the US government in 2008 and is still under its control

Ian Guider

Markets Editor

@ianguider
4th December, 2016

The giant US mortgage company Freddie Mac is to withdraw its bonds from their listing on the Irish Stock Exchange.

The company, officially known as the Federal Home Loan Mortgage Corporation, has about 60 debt securities worth tens of billions listed on the exchange and it plans to delist them early next year along with similar bonds traded in Luxembourg because of rising regulatory costs.

Freddie Mac is now controlled by the American government after it...

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