Published on 3/22/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $4.266 million eight-year non-call one-year step up Freddie Notes at 2% initial rate
New York, March 22 - Freddie Mac priced $4.266 million of 2% initial rate eight-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, 2019 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: | $4.266 million
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Maturity: | March 15, 2019
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Coupon: | 2% from March 24, 2.5% from March 15, 2013, 3% from March 15, 2014, 4% from March 15, 2015, 4.5% from March 15, 2016, 5% from March 15, 2017, 7% from March 15, 2018
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Price: | Par
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Call: | Bermuda call beginning March 15, 2012
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Pricing date: | March 21
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Settlement date: | March 24
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Underwriter: | Incapital
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Cusip: | 3133F4W31
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