Published on 4/18/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million three-year non-call 0.25-year step up notes at 0.625% initial rate
New York, April 18 - Freddie Mac priced $25 million of 0.625% initial rate three-year non-call 0.25-year step up medium-term notes at par, according to the agency's web site.
The bonds will mature on April 29, 2019 and have a Bermuda call beginning July 29.
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 29, 2019
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Coupon: | 0.625% from April 29, 0.75% from July 29, 0.875% from Oct. 29, 1.00% from Jan. 29, 2017, 1.25% from April 29, 2017, 1.50% from July 29, 2017, 1.75% from Oct. 29, 2017, 2.00% from Jan. 29, 2018, 2.25% from April 29, 2018, 2.50% from July 29, 2018, 3.00% from Oct. 29, 2018, 4.00% from Jan. 29, 2019
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Price: | Par
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Call: | Bermuda call beginning July 29
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Pricing date: | April 14
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Settlement date: | April 29
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Underwriters: | BNY Mellon Capital Markets LLC and Vining Sparks
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Cusip: | 3134G9BM8
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