Published on 1/27/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million five-year non-call 0.5-year step up notes at 1.50% initial rate
New York, Jan. 27 - Freddie Mac priced $25 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 Feb. 19, 2021 and have a Bermuda call beginning Aug. 19.
First Tennessee Bank NA Memphis, Raymond James & Associates Inc. and Vining Sparks 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: | Feb. 19, 2021
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Coupon: | 1.50% from Feb. 19, 1.75% from Aug. 19, 2018, 2.00% from Aug. 19, 2019, 3.00% from Feb. 19, 2020, 5.00% from Aug. 19, 2020
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Price: | Par
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Call: | Bermuda call beginning Aug. 19
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Pricing date: | Jan. 26
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Settlement date: | Feb. 19
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Underwriters: | First Tennessee Bank NA Memphis, Raymond James & Associates Inc. and Vining Sparks
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Cusip: | 3134G8K73
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