Published on 4/26/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $50 million 3.5-year non-call 0.25-year step up notes at 0.75% initial rate
New York, April 26 - Freddie Mac priced $50 million of 0.75% initial rate 3.5-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 Oct. 29, 2014 and have a Bermuda call beginning July 29.
UBS Securities LLC is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $50 million
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Maturity: | Oct. 29, 2014
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Coupon: | 0.75% from April 29, 1% from Oct. 29, 1.25% from Jan. 29, 2012, 1.5% from April 29, 2012, 1.75% from July 29, 2012, 2% from Oct. 29, 2012, 2.25% from Jan. 29, 2013, 2.5% from April 29, 2013, 2.75% from July 29, 2013, 3% from Oct. 29, 2013, 3.25% from Jan. 29, 2014, 3.5% from April 29, 2014, 3.75% from July 29, 2014
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Price: | Par
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Call: | Bermuda call beginning July 29
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Pricing date: | April 21
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Settlement date: | April 29
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Underwriter: | UBS Securities LLC
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Cusip: | 3134G2FL1
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