Published on 4/5/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue:
Freddie Mac prices $7.346 million five-year non-call one-year step up Freddie Notes at 1.5% initial rate
New York, April 5 - Freddie Mac priced $7.346 million of 1.5% initial rate five-year non-call one-year step up Freddie Notes at par, according to the agency's web site.
The bonds will mature on April 15, 2016 and have a Bermuda call beginning April 15, 2012.
Incapital is the manager.
Issuer: | Freddie Mac
|
Issue: | Step up Freddie Notes
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Amount: | $7.346 million
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Maturity: | April 15, 2016
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Coupon: | 1.5% from April 7, 1.75% from April 15, 2012, 2.25% from April 15, 2013, 3% from April 15, 2014, 5% from April 15, 2015
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Price: | Par
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Call: | Bermuda call beginning April 15, 2012
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Pricing date: | April 4
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Settlement date: | April 7
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Underwriter: | Incapital
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Cusip: | 3133F4Y39
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