Published on 3/15/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million three-year non-call 0.5-year step up notes at 1.00% initial rate
New York, March 15 - Freddie Mac priced $25 million of 1.00% initial rate three-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 April 12, 2019 and have a Bermuda call beginning Oct. 12.
Jefferies & Co. Inc. and Guggenheim 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: | April 12, 2019
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| Coupon: | 1.00% from April 12, 1.50% from April 12, 2017, 3.00% from April 12, 2018, 4.00% from Oct. 12, 2018
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| Price: | Par
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| Call: | Bermuda call beginning Oct. 12
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| Pricing date: | March 14
|
| Settlement date: | April 12
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| Underwriters: | Jefferies & Co. Inc. and Guggenheim
|
| Cusip: | 3134G8SN0
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