Published on 8/31/2015 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 1.00% initial rate
New York, Aug. 31 - Freddie Mac priced $25 million of 1.00% 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 March 22, 2019 and have a Bermuda call beginning Dec. 22.
Oppenheimer & Co. Inc. 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: | March 22, 2019
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Coupon: | 1.00% from Sept. 22, 1.50% from Sept. 22, 2016, 2.00% from March 22, 2018
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Price: | Par
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Call: | Bermuda call beginning Dec. 22
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Pricing date: | Aug. 27
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Settlement date: | Sept. 22
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Underwriter: | Oppenheimer & Co. Inc.
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Cusip: | 3134G7VW8
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