Published on 9/11/2014 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $60 million 10-year non-call 0.25-year step up notes at 1.50% initial rate
New York, Sept. 11 - Freddie Mac priced $60 million of 1.50% initial rate 10-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 Sept. 30, 2024 and have a Bermuda call beginning Dec. 30.
Incapital is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $60 million
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Maturity: | Sept. 30, 2024
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Coupon: | 1.50% from Sept. 30, 2.00% from Sept. 30, 2015, 2.50% from Sept. 30, 2016, 3.00% from Sept. 30, 2017, 3.50% from Sept. 30, 2018, 5.00% from Sept. 30, 2019
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Price: | Par
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Call: | Bermuda call beginning Dec. 30
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Pricing date: | Sept. 8
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Settlement date: | Sept. 30
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Underwriter: | Incapital
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Cusip: | 3134G5JR7
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