Published on 3/30/2016 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 30 - 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 26, 2019 and have a Bermuda call beginning Oct. 26.
RBC Capital Markets Corp., 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: | April 26, 2019
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Coupon: | 1.00% from April 26, 1.25% from April 26, 2017, 1.50% from Oct. 26, 2017, 2.00% from April 26, 2018, 3.00% from Oct. 26, 2018
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Price: | Par
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Call: | Bermuda call beginning Oct. 26
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Pricing date: | March 29
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Settlement date: | April 26
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Underwriters: | RBC Capital Markets Corp., BNY Mellon Capital Markets LLC and Vining Sparks
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Cusip: | 3134G8VY2
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