Published on 10/25/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $100 million five-year non-call 0.5-year step up notes at 1.5% initial rate
New York, Oct. 25 - Freddie Mac priced $100 million of 1.5% 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 Nov. 23, 2016 and have a Bermuda call beginning May 23, 2012.
Incapital is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $100 million
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Maturity: | Nov. 23, 2016
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Coupon: | 1.5% from Nov. 23, 1.625% from Nov. 23, 2014, 2% from May 23, 2015, 2.5% from Nov. 23, 2015, 3% from May 23, 2016
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Price: | Par
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Call: | Bermuda call beginning May 23, 2012
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Pricing date: | Oct. 24
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Settlement date: | Nov. 23
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Underwriter: | Incapital
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Cusip: | 3134G23U4
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