Published on 1/6/2011 in the Prospect News Agency Daily.
New Issue: Freddie Mac prices $50 million five-year non-call 0.5-year step up notes at 2.15% initial rate
New York, Jan. 6 - Freddie Mac priced $50 million of 2.15% initial rate five-year non-call 0.5-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on Jan. 28, 2016 and have a Bermuda call beginning July 28.
Suntrust Capital Markets Inc. and Incapital are the managers.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $50 million
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Maturity: | Jan. 28, 2016
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Coupon: | 2.15% from Jan. 28, 2.5% from July 28, 2013, 3% from July 28, 2014, 3.5% from Jan. 28, 2015, 4% from July 28, 2015
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Price: | Par
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Call: | Bermuda call beginning July 28
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Pricing date: | Jan. 5
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Settlement date: | Jan. 28
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Underwriters: | Suntrust Capital Markets Inc. and Incapital
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Cusip: | 3134G1T53
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