By Angela McDaniels
Tacoma, Wash., March 2 - Freddie Mac priced $150 million of variable-rate medium-term notes due March 2, 2026, according to an agency term sheet.
The interest rate is 6% per year multiplied by the proportion of days on which six-month Libor is 7% or less. Interest is payable quarterly.
The notes are callable at par on any interest payment date.
Barclays Capital Inc. is the underwriter.
| Issuer: | Freddie Mac
|
| Issue: | Variable-rate medium-term notes
|
| Amount: | $150 million
|
| Maturity: | March 2, 2026
|
| Coupon: | 6% per year multiplied by proportion of days on which six-month Libor is 7% or less; payable quarterly
|
| Price: | Par
|
| Call option: | At par on any interest payment date
|
| Settlement date: | March 2
|
| Underwriter: | Barclays Capital Inc.
|
| Fees: | 0.5% for $125 million and 0.9% for $25 million
|
| Cusip: | 3134G13G7
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
