Published on 2/19/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million five-year non-call 0.25-year step up notes at 1.00% initial rate
New York, Feb. 19 - Freddie Mac priced $25 million of 1.00% initial rate five-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 March 10, 2020 and have a Bermuda call beginning June 10.
Cantor Fitzgerald and Vining Sparks are the managers.
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 10, 2020
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Coupon: | 1.00% from March 10, 1.25% from Sept. 10, 1.50% from March 10, 2016, 1.75% from Sept. 10, 2016, 2.00% from March 10, 2017, 2.50% from Sept. 10, 2017, 3.00% from March 10, 2018, 3.50% from Sept. 10, 2018, 4.00% from March 10, 2019, 5.00% from Sept. 10, 2019
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Price: | Par
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Call: | Bermuda call beginning June 10
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Pricing date: | Feb. 13
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Settlement date: | March 10
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Underwriters: | Cantor Fitzgerald and Vining Sparks
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Cusip: | 3134G6GL1
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