Published on 7/27/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $50 million three-year non-call 0.25-year step up notes at 0.5% initial rate
New York, July 27 - Freddie Mac priced $50 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 Aug. 18, 2014 and have a Bermuda call beginning Nov. 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: | Aug. 18, 2014
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Coupon: | 0.5% from Aug. 18, 0.625% from Feb. 18, 2012, 0.75% from May 18, 2012, 0.875% from Aug. 18, 2012, 1% from Nov. 18, 2012, 1.25% from Feb. 18, 2013, 1.5% from May 18, 2013, 1.75% from Aug. 18, 2013, 2% from Nov. 18, 2013, 2.5% from Feb. 18, 2014, 3% from May 18, 2014
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Price: | Par
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Call: | Bermuda call beginning Nov. 18
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Pricing date: | July 26
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Settlement date: | Aug. 18
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Underwriter: | UBS Securities LLC
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Cusip: | 3134G2UM2
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