Published on 1/19/2011 in the Prospect News Agency Daily.
New Issue: Freddie Mac prices $50 million 3.5-year non-call 0.25-year step up notes at 0.875% initial rate
New York, Jan. 19 - Freddie Mac priced $50 million of 0.875% initial rate 3.5-year non-call 0.25-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on Aug. 11, 2014 and have a Bermuda call beginning May 11.
First Tennessee Bank NA Memphis is the manager.
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: | Aug. 11, 2014
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Coupon: | 0.875% from Feb. 11, 1% from May 11, 1.125% from Aug. 11, 1.25% from Nov. 11, 1.375% from Feb. 11, 2012, 1.5% from May 11, 2012, 1.75% from Aug. 11, 2012, 2% from Nov. 11, 2012, 2.25% from Feb. 11, 2013, 2.5% from May 11, 2013, 2.75% from Aug. 11, 2013, 3% from Nov. 11, 2013, 3.25% from Feb. 11, 2014, 4% from May 11, 2014
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Price: | Par
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Call: | Bermuda call beginning May 11
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Pricing date: | Jan. 18
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Settlement date: | Feb. 11
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Underwriter: | First Tennessee Bank NA Memphis
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Cusip: | 3134G1X74
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