Published on 3/23/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million five-year non-call one-year step up notes at 1.25% initial rate
New York, March 23 - Freddie Mac priced $25 million of 1.25% initial rate five-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 30, 2021 and have a Bermuda call beginning March 30, 2017.
BNY Mellon Capital Markets LLC 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: | March 30, 2021
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Coupon: | 1.25% from March 30, 1.50% from March 30, 2017, 2.00% from March 30, 2018, 2.50% from March 30, 2019, 3.00% from March 30, 2020
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Price: | Par
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Call: | Bermuda call beginning March 30, 2017
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Pricing date: | March 22
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Settlement date: | March 30
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Underwriters: | BNY Mellon Capital Markets LLC and Vining Sparks
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Cusip: | 3134G8UP2
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