E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/22/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.

New Issue: Freddie Mac adds on $200 million five-year non-call 0.25-year step up notes at 1% initial rate

New York, Aug. 22 - Freddie Mac added on $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 Sept. 14, 2016 and have a Bermuda call beginning Dec. 14.

J.P. Morgan Securities LLC is the manager.

Issuer:Freddie Mac
Issue:Step up medium-term notes
Amount:$200 million
Maturity:Sept. 14, 2016
Coupon:1% from Sept. 14, 1.5% from Sept. 14, 2012, 2% from Sept. 14, 2013, 2.5% from Sept. 14, 2014, 3% from Sept. 14, 2015
Price:Par
Call:Bermuda call beginning Dec. 14
Pricing date:Aug. 19
Settlement date:Sept. 14
Underwriter:J.P. Morgan Securities LLC
Cusip:3134G2ZW5

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.