Published on 5/15/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million five-year non-call 0.5-year step up notes at 1.125% initial rate
New York, May 15 - Freddie Mac priced $25 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 May 28, 2019 and have a Bermuda call beginning Nov. 28.
RBC Capital Markets Corp. is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $25 million
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Maturity: | May 28, 2019
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Coupon: | 1.125% from May 28, 1.50% from May 28, 2016, 2.00% from May 28, 2017, 3.00% from Nov. 28, 2017, 4.00% from May 28, 2018, 5.00% from Nov. 28, 2018
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Price: | Par
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Call: | Bermuda call beginning Nov. 28
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Pricing date: | May 14
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Settlement date: | May 28
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Underwriter: | RBC Capital Markets Corp.
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Cusip: | 3134G55U5
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