Published on 5/26/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac adds on $25 million 8.5-year non-call 0.5-year step up notes at 3% initial rate
New York, May 26 - Freddie Mac added on $25 million of 3% initial rate 8.5-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 Dec. 23, 2019 and have a Bermuda call beginning Dec. 23.
Stifel Nicolaus and Incapital are the managers.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $25 million
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Maturity: | Dec. 23, 2019
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Coupon: | 3% from June 23, 3.5% from Dec. 23, 2014, 4% from Dec. 23, 2017, 5% from Dec. 23, 2018, 6% from June 23, 2019
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Price: | Par
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Call: | Bermuda call beginning Dec. 23
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Pricing date: | May 25
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Settlement date: | June 23
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Underwriters: | Stifel Nicolaus and Incapital
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Cusip: | 3134G2KH4
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