Published on 11/18/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $50 million eight-year non-call 0.5-year step up notes at 2% initial rate
New York, Nov. 18 - Freddie Mac priced $50 million of 2% initial rate eight-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, 2019 and have a Bermuda call beginning June 13, 2012.
First Tennessee Bank NA Memphis, Incapital and Merrill Lynch Pierce Fenner & Smith 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: | Dec. 13, 2019
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Coupon: | 2% from Dec. 13, 2.5% from Dec. 13, 2014, 3% from Dec. 13, 2016, 4.5% from Dec. 13, 2018, 6% from June 13, 2019
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Price: | Par
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Call: | Bermuda call beginning June 13, 2012
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Pricing date: | Nov. 17
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Settlement date: | Dec. 13
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Underwriters: | First Tennessee Bank NA Memphis, Incapital and Merrill Lynch Pierce Fenner & Smith
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Cusip: | 3134G3BE9
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