Published on 3/20/2015 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 notes at 0.625% initial rate
New York, March 20 - Freddie Mac priced $25 million of 0.625% initial rate three-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 April 10, 2018 and have a Bermuda call beginning July 10.
Stifel Nicolaus 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: | April 10, 2018
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Coupon: | 0.625% from April 10, 0.75% from July 10, 0.875% from Oct. 10, 1.00% from Jan. 10, 2016, 1.25% from April 10, 2016, 1.50% from July 10, 2016, 1.75% from Oct. 10, 2016, 2.00% from Jan. 10, 2017, 2.25% from April 10, 2017, 2.50% from July 10, 2017, 2.75% from Oct. 10, 2017, 3.00% from Jan. 10, 2018
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Price: | Par
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Call: | Bermuda call beginning July 10
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Pricing date: | March 18
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Settlement date: | April 10
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Underwriter: | Stifel Nicolaus
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Cusip: | 3134G6MZ3
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