By Angela McDaniels
Tacoma, Wash., Oct. 21 - Freddie Mac priced $25 million of variable-rate medium-term notes due Oct. 21, 2025 at par, according to the agency's website.
The interest rate is 5.2% per year multiplied by the proportion of days on which six-month Libor is 5.5% or less.
The payout at maturity will be par.
Beginning Jan. 21, 2011, the notes are callable at par on Jan. 21, April 21, July 21 and Oct. 21 of each year.
Barclays Capital Inc. is the underwriter.
Issuer: | Freddie Mac
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Issue: | Variable-rate medium-term notes
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Amount: | $25 million
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Maturity: | Oct. 21, 2025
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Coupon: | 5.2% per year multiplied by proportion of days on which six-month Libor is 5.5% or less
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Price: | Par
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Call option: | Bermuda call beginning Jan. 20, 2011
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Settlement date: | Oct. 21
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Underwriter: | Barclays Capital Inc.
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Fees: | None
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Cusip: | 3134G1VV3
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