Freddie Mac intends to proceed with a $5.5 billion capital raising plan it announced in May that "will include both common and preferred securities", the company said in a statement today.
The filing, which doesn't say when Freddie Mac plans the offerings, fulfills an agreement made six years ago with lawmakers before the government-chartered company's plans stalled after uncovering $5 billion of accounting errors.
"Becoming an SEC registrant marks an important milestone for the company and demonstrates our commitment to enhanced transparency and financial reporting," Chief Executive Officer Richard Syron said in a statement.
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