Published on 5/5/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $200 million five-year non-call 0.25-year step up notes at 1% initial rate
New York, May 5 - Freddie Mac priced $200 million of 1% 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 12, 2016 and have a Bermuda call beginning Aug. 12.
Morgan Keegan & Co. Inc. is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $200 million
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Maturity: | May 12, 2016
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Coupon: | 1% from May 12, 1.205% from Aug. 12, 1.41% from Nov. 12, 1.615% from Feb. 12, 2012, 1.82% from May 12, 2012, 2.025% from Aug. 12, 2012, 2.23% from Nov. 12, 2012, 2.435% from Feb. 12, 2013, 2.64% from May 12, 2013, 2.845% from Aug. 12, 2013, 3.05% from Nov. 12, 2013, 3.255% from Feb. 12, 2014, 3.46% from May 12, 2014, 3.665% from Aug. 12, 2014, 3.87% from Nov. 12, 2014, 4.075% from Feb. 12, 2015, 4.28% from May 12, 2015, 4.485% from Aug. 12, 2015, 4.69% from Nov. 12, 2015, 4.895% from Feb. 12, 2016
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Price: | Par
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Call: | Bermuda call beginning Aug. 12
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Pricing date: | May 4
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Settlement date: | May 12
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Underwriter: | Morgan Keegan & Co. Inc.
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Cusip: | 3134G2GW6
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