Published on 12/12/2013 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $250 million four-year non-call 0.5-year step up global medium-term notes at 0.5% initial rate
New York, Dec. 12 - Freddie Mac priced $250 million of 0.5% initial rate four-year non-call 0.5-year step up global medium-term notes at par, according to the agency's web site.
The bonds will mature on Dec. 27, 2017 and have a Bermuda call beginning June 27, 2014.
Nomura Securities International Inc. is the manager.
Issuer: | Freddie Mac
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Issue: | Step up global medium-term notes
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Amount: | $250 million
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Maturity: | Dec. 27, 2017
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Coupon: | 0.5% from Dec. 27, 1% from June 27, 2014, 1.5% from Dec. 27, 2014, 2% from June 27, 2015, 2.5% from Dec. 27, 2015, 3% from June 27, 2016, 4% from Dec. 27, 2016, 5% from June 27, 2017
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Price: | Par
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Call: | Bermuda call beginning June 27, 2014
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Pricing date: | Dec. 11
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Settlement date: | Dec. 27
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Underwriter: | Nomura Securities International Inc.
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Cusip: | 3134G4QR2
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