Published on 4/27/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $50 million five-year non-call 0.5-year step up notes at 2% initial rate
New York, April 27 - Freddie Mac priced $50 million of 2% initial rate five-year non-call 0.5-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on May 23, 2016 and have a Bermuda call beginning Nov. 23.
Cantor Fitzgerald 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: | May 23, 2016
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Coupon: | 2% from May 23, 2.25% from Nov. 23, 2013, 2.5% from May 23, 2014, 3% from Nov. 23, 2014, 4% from May 23, 2015, 5% from Nov. 23, 2015
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Price: | Par
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Call: | Bermuda call beginning Nov. 23
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Pricing date: | April 25
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Settlement date: | May 23
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Underwriter: | Cantor Fitzgerald
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Cusip: | 3134G2FN7
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