Published on 5/18/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million 3.5-year non-call 0.25-year step up notes at 0.75% initial rate
New York, May 18 - Freddie Mac priced $25 million of 0.75% 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 Dec. 11, 2018 and have a Bermuda call beginning Sept. 11.
Multi-Bank Securities Inc., Finacorp Securities and Mizuho Securities 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: | Dec. 11, 2018
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Coupon: | 0.75% from June 11, 1.00% from June 11, 2016, 1.50% from Dec. 11, 2016, 2.00% from June 11, 2017, 3.00% from Dec. 11, 2017, 4.00% from June 11, 2018
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Price: | Par
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Call: | Bermuda call beginning Sept. 11
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Pricing date: | May 14
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Settlement date: | June 11
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Underwriters: | Multi-Bank Securities Inc., Finacorp Securities and Mizuho Securities
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Cusip: | 3134G6Q97
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