Published on 3/15/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $14.847 million 15-year non-call one-year step up Freddie Notes at 4% initial rate
New York, March 15 - Freddie Mac priced $14.847 million of 4% initial rate 15-year non-call one-year step up Freddie Notes at par, according to the agency's web site.
The bonds will mature on March 15, 2026 and have a Bermuda call beginning March 15, 2012.
Incapital is the manager.
Issuer: | Freddie Mac
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Issue: | Step up Freddie Notes
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Amount: | $14.847 million
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Maturity: | March 15, 2026
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Coupon: | 4% from March 17, 4.5% from March 15, 2016, 5% from March 15, 2019, 5.5% from March 15, 2021, 6% from March 15, 2023, 6.5% from March 15, 2024, 7% from March 15, 2025
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Price: | Par
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Call: | Bermuda call beginning March 15, 2012
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Pricing date: | March 14
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Settlement date: | March 17
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Underwriter: | Incapital
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Cusip: | 3133F4V65
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