Published on 3/29/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $19.195 million 12-year non-call one-year step up Freddie Notes at 3.25% initial rate
New York, March 29 - Freddie Mac priced $19.195 million of 3.25% initial rate 12-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, 2023 and have a Bermuda call beginning March 15, 2012.
Incapital is the manager.
Issuer: | Freddie Mac
|
Issue: | Step up Freddie Notes
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Amount: | $19.195 million
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Maturity: | March 15, 2023
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Coupon: | 3.25% from March 31, 3.5% from March 15, 2014, 4% from March 15, 2016, 5% from March 15, 2018, 6% from March 15, 2020, 7% from March 15, 2022
|
Price: | Par
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Call: | Bermuda call beginning March 15, 2012
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Pricing date: | March 28
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Settlement date: | March 31
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Underwriter: | Incapital
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Cusip: | 3133F4X55
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