Freddie Mac will issue a new seven-year reference note security due in May 2019.
The government-sponsored enterprise expects the issue to price Thursday.
The reference notes offers investors a full and highly liquid yield curve of bullet maturity debt. The notes maturity range from two through 10 years.
A syndicate of dealers will offer the new security led by Barclays Capital ($19.65 -0.28%), Citigroup ($51.66 0.06%) and UBS ($18.42 -0.16%).
It's the longest-term for such a product since Freddie priced a $7 billion 10-year reference note in January.
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