No immediate capital raising planned: Freddie
WASHINGTON (Reuters) - Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz), the second-largest provider of funding for U.S. residential mortgages, on Friday said it has no immediate plans to raise capital.
The McLean, Virginia-based company earlier on Friday said it was committed to raising $5.5 billion of fresh capital through offerings including common and preferred stock. The fund raising would not be immediate, a spokeswoman said.
(Reporting Patrick Rucker in Washington; Writing by Al Yoon; Editing by James Dalgleish)
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