Published on 6/20/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $21 million 15-year non-call 0.5-year step up notes at 2.00% initial rate
New York, June 20 - Freddie Mac priced $21 million of 2.00% initial rate 15-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 July 16, 2029 and have a Bermuda call beginning Jan. 16, 2015.
Great Pacific Securities is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $21 million
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Maturity: | July 16, 2029
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Coupon: | 2.00% from July 16, 4.00% from Jan. 16, 2016, 5.00% from Jan. 16, 2023
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Price: | Par
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Call: | Bermuda call beginning Jan. 16, 2015
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Pricing date: | June 17
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Settlement date: | July 16
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Underwriter: | Great Pacific Securities
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Cusip: | 3134G5BF1
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