Published on 4/8/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million two-year non-call 0.5-year step up notes at 0.625% initial rate
New York, April 8 - Freddie Mac priced $25 million of 0.625% initial rate two-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 27, 2018 and have a Bermuda call beginning Oct. 27.
Stifel Nicolaus 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: | $25 million
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Maturity: | April 27, 2018
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Coupon: | 0.625% from April 27, 0.875% from Oct. 27, 1.50% from April 27, 2017, 2.00% from Oct. 27, 2017
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Price: | Par
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Call: | Bermuda call beginning Oct. 27
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Pricing date: | April 6
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Settlement date: | April 27
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Underwriters: | Stifel Nicolaus and Wells Fargo Securities
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Cusip: | 3134G8YX1
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