Published on 4/21/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac adds on $25 million three-year non-call 0.5-year step up notes at 0.75% initial rate
New York, April 21 - Freddie Mac added on $25 million of 0.75% 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.
BB&T Capital Markets, RBC Capital Markets Corp., Guggenheim and Robert W. Baird & Co. Inc. 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: | 0.75% from April 26, 1.50% from April 26, 2017, 3.00% from April 26, 2018
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Price: | Par
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Call: | Bermuda call beginning Oct. 26
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Pricing date: | April 5
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Settlement date: | April 26
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Underwriters: | BB&T Capital Markets, RBC Capital Markets Corp., Guggenheim and Robert W. Baird & Co. Inc.
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Cusip: | 3134G8YC7
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