Published on 12/30/2015 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $50 million 3.5-year non-call 0.5-year step up notes at 1.275% initial rate
New York, Dec. 30 - Freddie Mac priced $50 million of 1.275% initial rate 3.5-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 July 22, 2019 and have a Bermuda call beginning July 22, 2016.
Samuel A. Ramirez & Co. Inc. is the manager.
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: | July 22, 2019
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Coupon: | 1.275% from Jan. 22, 2016, 2.15% from July 22, 2017, 3.00% from July 22, 2018
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Price: | Par
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Call: | Bermuda call beginning July 22, 2016
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Pricing date: | Dec. 29
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Settlement date: | Jan. 22, 2016
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Underwriter: | Samuel A. Ramirez & Co. Inc.
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Cusip: | 3134G8G60
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