Published on 10/29/2013 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $100 million 2.75-year non-call 0.5-year step up notes at 0.375% initial rate
New York, Oct. 29 - Freddie Mac priced $100 million of 0.375% initial rate 2.75-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 Aug. 8, 2016 and have a Bermuda call beginning May 8, 2014.
Nomura Securities International 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: | Aug. 8, 2016
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Coupon: | 0.375% from Nov. 8, 0.625% from May 8, 2014, 0.875% from Nov. 8, 2014, 1% from May 8, 2015, 1.25% from Aug. 8, 2015, 1.5% from Nov. 8, 2015, 1.75% from Feb. 8, 2016, 2% from May 8, 2016
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Price: | Par
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Call: | Bermuda call beginning May 8, 2014
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Pricing date: | Oct. 25
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Settlement date: | Nov. 8
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Underwriter: | Nomura Securities International Inc.
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Cusip: | 3134G4KF4
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