Published on 6/14/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $100 million three-year non-call 0.25-year step up notes at 0.5% initial rate
New York, June 14 - Freddie Mac priced $100 million of 0.5% initial rate three-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 June 30, 2014 and have a Bermuda call beginning Sept. 30.
Deutsche Bank Securities Inc. and Jefferies & Co. Inc. are the managers.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $100 million
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Maturity: | June 30, 2014
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Coupon: | 0.5% from June 30, 0.625% from Sept. 30, 0.75% from Dec. 30, 0.875% from March 30, 2012, 1% from June 30, 2012, 1.25% from Sept. 30, 2012, 1.5% from Dec. 30, 2012, 1.75% from March 30, 2013, 2% from June 30, 2013, 2.5% from Sept. 30, 2013, 3% from Dec. 30, 2013, 4% from March 30, 2014
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Price: | Par
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Call: | Bermuda call beginning Sept. 30
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Pricing date: | June 13
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Settlement date: | June 30
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Underwriters: | Deutsche Bank Securities Inc. and Jefferies & Co. Inc.
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Cusip: | 3134G2MR0
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