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 0.25-year step up notes at 1.25% initial rate
New York, April 27 - Freddie Mac priced $50 million of 1.25% 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 May 18, 2016 and have a Bermuda call beginning Aug. 18.
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: | May 18, 2016
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Coupon: | 1.25% from May 18, 1.5% from Nov. 18, 1.75% from May 18, 2012, 2% from Aug. 18, 2012, 2.25% from Nov. 18, 2012, 2.5% from Feb. 18, 2013, 2.75% from May 18, 2013, 3% from Aug. 18, 2013, 3.25% from Nov. 18, 2013, 3.5% from Feb. 18, 2014, 3.75% from May 18, 2014, 4% from Aug. 18, 2014, 4.25% from Nov. 18, 2014, 4.5% from Feb. 18, 2015, 4.75% from May 18, 2015, 5% from Aug. 18, 2015, 5.25% from Nov. 18, 2015, 5.5% from Feb. 18, 2016
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Price: | Par
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Call: | Bermuda call beginning Aug. 18
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Pricing date: | April 26
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Settlement date: | May 18
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Underwriter: | UBS Securities LLC
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Cusip: | 3134G2FV9
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