Published on 2/19/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million three-year non-call 0.25-year step up global medium-term notes at 0.50% initial rate
New York, Feb. 19 - Freddie Mac priced $25 million of 0.50% initial rate three-year non-call 0.25-year step up global medium-term notes at par, according to the agency's web site.
The bonds will mature on Feb. 27, 2018 and have a Bermuda call beginning May 27.
Stifel Nicolaus, Jefferies & Co. Inc. and Vining Sparks are the managers.
Issuer: | Freddie Mac
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Issue: | Step up global medium-term notes
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Amount: | $25 million
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Maturity: | Feb. 27, 2018
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Coupon: | 0.50% from Feb. 27, 0.75% from Aug. 27, 1.00% from Nov. 27, 1.25% from Feb. 27, 2016, 1.50% from May 27, 2016, 1.75% from Aug. 27, 2016, 2.00% from Nov. 27, 2016, 2.25% from Feb. 27, 2017, 2.50% from May 27, 2017, 2.75% from Aug. 27, 2017, 3.00% from Nov. 27, 2017
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Price: | Par
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Call: | Bermuda call beginning May 27
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Pricing date: | Feb. | 5
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Settlement date: | Feb. 27
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Underwriters: | Stifel Nicolaus, Jefferies & Co. Inc. and Vining Sparks
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Cusip: | 3134G6ED1
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