Published on 5/30/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million five-year non-call 0.25-year step up notes at 1.25% initial rate
New York, May 30 - Freddie Mac priced $25 million of 1.25% 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 June 26, 2019 and have a Bermuda call beginning Sept. 26.
Amherst Securities Group L.P. 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: | June 26, 2019
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Coupon: | 1.25% from June 26, 1.50% from Dec. 26, 2016, 2.00% from June 26, 2017, 2.50% from Dec. 26, 2017, 3.50% from June 26, 2018, 5.00% from Dec. 26, 2018
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Price: | Par
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Call: | Bermuda call beginning Sept. 26
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Pricing date: | May 28
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Settlement date: | June 26
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Underwriter: | Amherst Securities Group L.P.
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Cusip: | 3134G56T7
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