Published on 6/3/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $300 million three-year non-call 0.5-year step up notes at 0.75% initial rate
New York, June 3 - Freddie Mac priced $300 million of 0.75% initial rate three-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 June 16, 2014 and have a Bermuda call beginning Dec. 16.
BNP Paribas is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $300 million
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Maturity: | June 16, 2014
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Coupon: | 0.75% from June 16, 1.125% from June 16, 2012, 1.375% from Dec. 16, 2012, 1.75% from June 16, 2013, 2.75% from Dec. 16, 2013
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Price: | Par
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Call: | Bermuda call beginning Dec. 16
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Pricing date: | June 2
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Settlement date: | June 16
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Underwriter: | BNP Paribas
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Cusip: | 3134G2LG5
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