Published on 4/30/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million 2.25-year callable one time at 0.5 year step up notes at 0.85% initial rate
New York, April 30 - Freddie Mac priced $25 million of 0.85% initial rate 2.25-year callable one time at 0.5 year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on Aug. 25, 2017 and are callable one time on Nov. 25.
Piper Jaffray & Co., Stifel Nicolaus and Incapital 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: | Aug. 25, 2017
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Coupon: | 0.85% from May 27, 0.85% from May 28
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Price: | Par
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Call: | One time on Nov. 25
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Pricing date: | April 28
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Settlement date: | May 28
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Underwriters: | Piper Jaffray & Co., Stifel Nicolaus and Incapital
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Cusip: | 3134G6ZX4
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