Published on 9/23/2011 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $100 million five-year non-call 0.5-year step up notes at 1.125% initial rate
New York, Sept. 23 - Freddie Mac priced $100 million of 1.125% initial rate five-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 Oct. 13, 2016 and have a Bermuda call beginning April 13, 2012.
Jefferies & Co. Inc. is the manager.
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: | Oct. 13, 2016
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Coupon: | 1.125% from Oct. 13, 1.25% from Oct. 13, 2013, 1.5% from Oct. 13, 2014, 1.75% from April 13, 2015, 2% from Oct. 13, 2015, 3% from April 13, 2016
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Price: | Par
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Call: | Bermuda call beginning April 13, 2012
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Pricing date: | Sept. 22
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Settlement date: | Oct. 13
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Underwriter: | Jefferies & Co. Inc.
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Cusip: | 3134G2T69
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