Published on 4/1/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million five-year non-call 0.25-year step up notes at 1.05% initial rate
New York, April 1 - Freddie Mac priced $25 million of 1.05% initial rate five-year non-call 0.25-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on April 21, 2016 and have a Bermuda call beginning July 21.
Castleoak Securities LP is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $25 million
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Maturity: | April 21, 2016
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Coupon: | 1.05% from April 21, 1.25% from July 21, 1.5% from Oct. 21, 1.75% from Jan. 21, 2012, 2% from April 21, 2012, 2.25% from July 21, 2012, 2.5% from Oct. 21, 2012, 2.75% from Jan. 21, 2013, 3% from April 21, 2013, 3.25% from July 21, 2013, 3.5% from Oct. 21, 2013, 3.75% from Jan. 21, 2014, 4% from April 21, 2014, 4.25% from July 21, 2014, 4.5% from Oct. 21, 2014, 4.75% from Jan. 21, 2015, 5% from April 21, 2015, 5.25% from July 21, 2015, 5.5% from Oct. 21, 2015, 6% from Jan. 21, 2016
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Price: | Par
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Call: | Bermuda call beginning July 21
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Pricing date: | March 31
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Settlement date: | April 21
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Underwriter: | Castleoak Securities LP
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Cusip: | 3134G2DZ2
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