Published on 9/2/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $100 million five-year non-call 0.25-year step up notes at 1.75% initial rate
New York, Sept. 2 - Freddie Mac priced $100 million of 1.75% 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 Sept. 22, 2020 and have a Bermuda call beginning Dec. 22.
SG Americas Securities LLC 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: | Sept. 22, 2020
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Coupon: | 1.75% from Sept. 22, 1.875% from Sept. 22, 2017, 2.00% from March 22, 2018, 2.125% from Sept. 22, 2018, 2.25% from March 22, 2019, 2.50% from Sept. 22, 2019, 3.00% from March 22, 2020
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Price: | Par
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Call: | Bermuda call beginning Dec. 22
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Pricing date: | Sept. 1
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Settlement date: | Sept. 22
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Underwriter: | SG Americas Securities LLC
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Cusip: | 3134G7XF3
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