Published on 11/25/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac adds on $35 million five-year non-call 0.5-year step up notes at 1.50% initial rate
New York, Nov. 25 - Freddie Mac added on $35 million of 1.50% initial rate five-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 Dec. 16, 2020 and have a Bermuda call beginning June 16, 2016.
Suntrust Robinson Humphrey Inc., Piper Jaffray & Co. and Stifel Nicolaus are the managers.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $35 million
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Maturity: | Dec. 16, 2020
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Coupon: | 1.50% from Dec. 16, 1.75% from June 16, 2017, 2.00% from June 16, 2018, 2.25% from Dec. 16, 2018, 2.50% from June 16, 2019, 3.00% from Dec. 16, 2019, 4.00% from June 16, 2020
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Price: | Par
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Call: | Bermuda call beginning June 16, 2016
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Pricing date: | Nov. 24
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Settlement date: | Dec. 16
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Underwriters: | Suntrust Robinson Humphrey Inc., Piper Jaffray & Co. and Stifel Nicolaus
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Cusip: | 3134G8B81
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