Published on 12/3/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million four-year non-call 0.25-year step up notes at 1.00% initial rate
New York, Dec. 3 - Freddie Mac priced $25 million of 1.00% initial rate four-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 Dec. 30, 2019 and have a Bermuda call beginning March 30, 2016.
Piper Jaffray & Co., Finacorp Securities and Robert W. Baird & Co. Inc. 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: | Dec. 30, 2019
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Coupon: | 1.00% from Dec. 30, 2.00% from Dec. 30, 2016, 3.125% from Dec. 30, 2018
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Price: | Par
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Call: | Bermuda call beginning March 30, 2016
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Pricing date: | Dec. 2
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Settlement date: | Dec. 30
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Underwriters: | Piper Jaffray & Co., Finacorp Securities and Robert W. Baird & Co. Inc.
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Cusip: | 3134G8CW7
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