Published on 4/27/2016 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 1.10% initial rate
New York, April 27 - Freddie Mac priced $25 million of 1.10% 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 May 17, 2019 and have a Bermuda call beginning Aug. 17.
Stifel Nicolaus 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: | May 17, 2019
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Coupon: | 1.10% from May 17, 1.35% from May 17, 2017, 1.50% from Nov. 17, 2017, 1.75% from May 17, 2018, 2.25% from Nov. 17, 2018
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Price: | Par
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Call: | Bermuda call beginning Aug. 17
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Pricing date: | April 26
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Settlement date: | May 17
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Underwriter: | Stifel Nicolaus
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Cusip: | 3134G9FK8
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