Published on 6/1/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million 3.5-year non-call 0.5-year step up notes at 0.625% initial rate
New York, June 1 - Freddie Mac priced $25 million of 0.625% initial rate 3.5-year non-call 0.5-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on Dec. 24, 2018 and have a Bermuda call beginning Dec. 24.
Stifel Nicolaus and RBC Capital Markets Corp. 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. 24, 2018
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Coupon: | 0.625% from June 24, 1.00% from Dec. 24, 1.25% from June 24, 2016, 1.50% from Dec. 24, 2016, 2.00% from June 24, 2017, 3.00% from Dec. 24, 2017, 4.00% from June 24, 2018
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Price: | Par
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Call: | Bermuda call beginning Dec. 24
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Pricing date: | May 29
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Settlement date: | June 24
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Underwriters: | Stifel Nicolaus and RBC Capital Markets Corp.
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Cusip: | 3134G65W9
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