Published on 3/29/2016 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 1.375% initial rate
New York, March 29 - Freddie Mac priced $25 million of 1.375% 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 April 21, 2021 and have a Bermuda call beginning Oct. 21.
Suntrust Robinson Humphrey Inc. is the manager.
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 21, 2021
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Coupon: | 1.375% from April 21, 2.00% from April 21, 2018, 2.25% from April 21, 2019, 3.00% from April 21, 2020, 4.50% from Oct. 21, 2020
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Price: | Par
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Call: | Bermuda call beginning Oct. 21
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Pricing date: | March 24
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Settlement date: | April 21
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Underwriter: | Suntrust Robinson Humphrey Inc.
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Cusip: | 3134G8VD8
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