Published on 4/27/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $100 million 15-year non-call 0.25-year step up notes at 1.60% initial rate
New York, April 27 - Freddie Mac priced $100 million of 1.60% initial rate 15-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 May 28, 2030 and have a Bermuda call beginning Aug. 28.
First Tennessee Bank NA Memphis is the manager.
| Issuer: | Freddie Mac
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| Issue: | Step up medium-term notes
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| Amount: | $100 million
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| Maturity: | May 28, 2030
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| Coupon: | 1.60% from May 28, 2.50% from May 28, 2016, 4.00% from May 28, 2018, 5.00% from May 28, 2022, 6.00% from May 28, 2026
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| Price: | Par
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| Call: | Bermuda call beginning Aug. 28
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| Pricing date: | April 22
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| Settlement date: | May 28
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| Underwriter: | First Tennessee Bank NA Memphis
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| Cusip: | 3134G6YK3
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