Published on 7/8/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million three-year non-call 0.5-year step up notes at 0.50% initial rate
New York, July 8 – Freddie Mac priced $25 million of 0.50% initial rate three-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 21, 2017 and have a Bermuda call beginning Jan. 21, 2015.
Jefferies & Co. Inc. 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: | July 21, 2017
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Coupon: | 0.50% from July 21, 0.625% from Jan. 21, 2015, 0.75% from July 21, 2015, 1.00% from Jan. 21, 2016, 2.00% from July 21, 2016, 3.00% from Jan. 21, 2017
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Price: | Par
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Call: | Bermuda call beginning Jan. 21, 2015
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Pricing date: | July 2
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Settlement date: | July 21
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Underwriter: | Jefferies & Co. Inc.
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Cusip: | 3134G5CH6
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