Published on 7/13/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million five-year non-call 0.25-year step up notes at 1.00% initial rate
New York, July 13 - Freddie Mac priced $25 million of 1.00% initial rate five-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 July 30, 2020 and have a Bermuda call beginning Oct. 30.
BB&T Capital Markets, Stifel Nicolaus and BNY Mellon Capital Markets LLC 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: | July 30, 2020
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| Coupon: | 1.00% from July 30, 3.25% from July 30, 2017
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| Price: | Par
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| Call: | Bermuda call beginning Oct. 30
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| Pricing date: | July 9
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| Settlement date: | July 30
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| Underwriters: | BB&T Capital Markets, Stifel Nicolaus and BNY Mellon Capital Markets LLC
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| Cusip: | 3134G7KH3
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