Published on 11/17/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac adds on $100 million 10-year non-call 0.5-year step up notes at 2.5% initial rate
New York, Nov. 17 - Freddie Mac added on $100 million of 2.5% initial rate 10-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 Dec. 13, 2021 and have a Bermuda call beginning June 13, 2012.
Stifel Nicolaus and Incapital are the managers.
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: | Dec. 13, 2021
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Coupon: | 2.5% from Dec. 13, 3% from Dec. 13, 2015, 3.5% from Dec. 13, 2018, 4% from Dec. 13, 2020, 6% from June 13, 2021
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Price: | Par
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Call: | Bermuda call beginning June 13, 2012
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Pricing date: | Nov. 16
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Settlement date: | Dec. 13
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Underwriters: | Stifel Nicolaus and Incapital
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Cusip: | 3134G3AJ9
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