Published on 3/10/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $50 million seven-year callable one time at two year step up notes at 2% initial rate
New York, March 10 - Freddie Mac priced $50 million of 2% initial rate seven-year callable one time at two year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on March 28, 2018 and are callable one time on March 28, 2013.
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: | March 28, 2018
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Coupon: | 2% from March 28, 4% from March 28, 2013
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Price: | Par
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Call: | One time on March 28, 2013
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Pricing date: | March 9
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Settlement date: | March 28
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Underwriter: | First Tennessee Bank NA Memphis
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Cusip: | 3134G2AT9
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