Published on 6/25/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $100 million seven-year non-call 0.5-year step up notes at 2.08% initial rate
New York, June 25 - Freddie Mac priced $100 million of 2.08% initial rate seven-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 July 22, 2022 and have a Bermuda call beginning Jan. 22, 2016.
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: | $100 million
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Maturity: | July 22, 2022
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Coupon: | 2.08% from July 22, 2.30% from July 22, 2017, 2.50% from July 22, 2018, 2.75% from July 22, 2019, 3.00% from July 22, 2020, 3.50% from Jan. 22, 2021, 4.50% from July 22, 2021, 5.50% from Jan. 22, 2022
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Price: | Par
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Call: | Bermuda call beginning Jan. 22, 2016
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Pricing date: | June 23
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Settlement date: | July 22
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Underwriter: | First Tennessee Bank NA Memphis
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Cusip: | 3134G7FG1
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