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 (BCS), Citigroup (C) and UBS (UBS).

It's the longest-term for such a product since Freddie priced a $7 billion 10-year reference note in January.