Published on 6/23/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million three-year non-call 0.25-year step up notes at 0.75% initial rate
New York, June 23 - Freddie Mac priced $25 million of 0.75% initial rate three-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 June 25, 2018 and have a Bermuda call beginning Sept. 25.
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: | $25 million
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| Maturity: | June 25, 2018
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| Coupon: | 0.75% from June 30, 1.00% from June 25, 2016, 1.25% from Dec. 25, 2016, 2.00% from June 25, 2017, 3.00% from Dec. 25, 2017
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| Price: | Par
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| Call: | Bermuda call beginning Sept. 25
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| Pricing date: | June 19
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| Settlement date: | June 30
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| Underwriter: | First Tennessee Bank NA Memphis
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| Cusip: | 3134G7EA5
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