Freddie Mac 2015 Annual Report Download - page 264
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Financial Statements Notes to the Consolidated Financial Statements | Note 7
Freddie Mac 2015 Form 10-K 262
SUBORDINATED DEBT INTEREST AND PRINCIPAL PAYMENTS
The terms of certain of our subordinated debt securities provide for us to defer payments of interest in the
event we fail to maintain specified capital levels. However, in a September 23, 2008 statement concerning
the conservatorship, the Director of FHFA stated that we would continue to make interest and principal
payments on our subordinated debt, even if we fail to maintain required capital levels.