Published on 8/25/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million 5.5-year non-call one-year step up notes at 1.60% initial rate
New York, Aug. 25 - Freddie Mac priced $25 million of 1.60% initial rate 5.5-year non-call one-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on March 18, 2020 and have a Bermuda call beginning Sept. 18, 2015.
Raymond James & Associates 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: | March 18, 2020
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Coupon: | 1.60% from Sept. 18, 1.80% from Sept. 18, 2015, 2.00% from Sept. 18, 2016, 2.25% from Sept. 18, 2017, 2.75% from Sept. 18, 2018, 3.50% from Sept. 18, 2019
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Price: | Par
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Call: | Bermuda call beginning Sept. 18, 2015
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Pricing date: | Aug. 20
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Settlement date: | Sept. 18
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Underwriter: | Raymond James & Associates Inc.
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Cusip: | 3134G5GZ2
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