Published on 3/21/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $35 million three-year non-call one-year step up notes at 1.00% initial rate
New York, March 21 - Freddie Mac priced $35 million of 1.00% 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 April 4, 2019 and have a Bermuda call beginning April 4, 2017.
BNY Mellon Capital Markets LLC and Wells Fargo Securities are the managers.
Issuer: | Freddie Mac
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Issue: | Step up medium-term notes
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Amount: | $35 million
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Maturity: | April 4, 2019
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Coupon: | 1.00% from April 4, 1.25% from April 4, 2017, 2.00% from April 4, 2018
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Price: | Par
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Call: | Bermuda call beginning April 4, 2017
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Pricing date: | March 17
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Settlement date: | April 4
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Underwriters: | BNY Mellon Capital Markets LLC and Wells Fargo Securities
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Cusip: | 3134G8TL3
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