Published on 3/27/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $50 million 3.5-year non-call 0.25-year step up notes at 1.00% initial rate
New York, March 27 - Freddie Mac priced $50 million of 1.00% initial rate 3.5-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 Oct. 24, 2018 and have a Bermuda call beginning July 24.
Suntrust Robinson Humphrey Inc. is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $50 million
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Maturity: | Oct. 24, 2018
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Coupon: | 1.00% from April 24, 1.25% from April 24, 2016, 1.50% from Oct. 24, 2016, 1.75% from April 24, 2017, 2.00% from Oct. 24, 2017, 3.00% from April 24, 2018
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Price: | Par
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Call: | Bermuda call beginning July 24
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Pricing date: | March 26
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Settlement date: | April 24
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Underwriter: | Suntrust Robinson Humphrey Inc.
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Cusip: | 3134G6RP0
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