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Freddie Mac plans offering of structured agency credit risk debt notes

FreddieMac intends to sell structured agency credit risk debt notes,pending market conditions.

With loans with loan-to-value ratios ranging from 80% to97%, the STACR 2016-HQA4 offering has a reference pool of single-familymortgages with an unpaid principal balance of more than $13.8 billion. Thereference pool consists of a subset of 30-year fixed-rate single-familymortgages acquired by Freddie Mac.

Freddie Mac holds the senior loss risk in the capitalstructure and a portion of the risk in the class M-1, M-2 and M-3 tranches, aswell as the first loss class B tranche.

Citigroup Global Markets and Barclays Capital will serve asco-lead managers and joint book runners for the offering.