Published on 3/18/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $30 million three-year non-call one-year step up notes at 0.875% initial rate
New York, March 18 - Freddie Mac priced $30 million of 0.875% initial rate three-year non-call one-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on March 29, 2019 and have a Bermuda call beginning March 29, 2017.
Wells Fargo Securities is the manager.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $30 million
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Maturity: | March 29, 2019
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Coupon: | 0.875% from March 29, 1.75% from March 29, 2017, 3.50% from March 29, 2018
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Price: | Par
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Call: | Bermuda call beginning March 29, 2017
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Pricing date: | March 16
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Settlement date: | March 29
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Underwriter: | Wells Fargo Securities
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Cusip: | 3134G8TE9
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