Published on 4/27/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac adds on $25 million five-year non-call 0.25-year step up notes at 1.25% initial rate
New York, April 27 - Freddie Mac added on $25 million of 1.25% 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 May 14, 2020 and have a Bermuda call beginning Aug. 14.
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: | May 14, 2020
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Coupon: | 1.25% from May 14, 1.375% from May 14, 2016, 1.50% from Nov. 14, 2016, 1.625% from May 14, 2017, 1.75% from Nov. 14, 2017, 2.00% from May 14, 2018, 2.50% from Nov. 14, 2018, 3.50% from May 14, 2019, 4.50% from Nov. 14, 2019
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Price: | Par
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Call: | Bermuda call beginning Aug. 14
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Pricing date: | April 21
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Settlement date: | May 14
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Underwriter: | Stifel Nicolaus
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Cusip: | 3134G6WC3
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