Published on 5/2/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million 10-year non-call 0.25-year step up notes at 2.00% initial rate
New York, May 2 - Freddie Mac priced $25 million of 2.00% initial rate 10-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 26, 2026 and have a Bermuda call beginning Aug. 26.
Suntrust Robinson Humphrey Inc. and Incapital 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: | May 26, 2026
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Coupon: | 2.00% from May 26, 2.25% from Nov. 26, 2019, 2.50% from Nov. 26, 2021, 3.00% from May 26, 2023, 3.50% from May 26, 2024, 4.50% from Nov. 26, 2024, 6.50% from May 26, 2025, 8.50% from Nov. 26, 2025
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Price: | Par
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Call: | Bermuda call beginning Aug. 26
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Pricing date: | April 29
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Settlement date: | May 26
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Underwriters: | Suntrust Robinson Humphrey Inc. and Incapital
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Cusip: | 3134G9GY7
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