Published on 10/20/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac adds on $50 million three-year non-call 0.25-year step up notes at 0.50% initial rate
New York, Oct. 20 - Freddie Mac added on $50 million of 0.50% 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 Oct. 29, 2018 and have a Bermuda call beginning Jan. 29, 2016.
First Tennessee Bank NA Memphis and Vining Sparks are the managers.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $50 million
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Maturity: | Oct. 29, 2018
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Coupon: | 0.50% from Oct. 29, 0.625% from Jan. 29, 2016, 0.75% from April 29, 2016, 0.875% from July 29, 2016, 1.00% from Oct. 29, 2016, 1.125% from Jan. 29, 2017, 1.25% from April 29, 2017, 1.50% from July 29, 2017, 1.75% from Oct. 29, 2017, 2.00% from Jan. 29, 2018, 2.50% from April 29, 2018, 3.25% from July 29, 2018
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Price: | Par
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Call: | Bermuda call beginning Jan. 29, 2016
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Pricing date: | Oct. 19
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Settlement date: | Oct. 29
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Underwriters: | First Tennessee Bank NA Memphis and Vining Sparks
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Cusip: | 3134G73D1
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