Published on 5/17/2016 in the Prospect News Agency DailyProspect News Structured Products Daily.
New Issue: Freddie Mac prices $25 million 10-year non-call 0.5-year step up notes at 1.50% initial rate
New York, May 17 - Freddie Mac priced $25 million of 1.50% initial rate 10-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 June 9, 2026 and have a Bermuda call beginning Dec. 9.
Piper Jaffray & Co., RBC Capital Markets Corp. and BMO Capital Markets Corp. are the managers.
Issuer: | Freddie Mac
|
Issue: | Step up medium-term notes
|
Amount: | $25 million
|
Maturity: | June 9, 2026
|
Coupon: | 1.50% from Dec. 9, 1.50% from June 9, 2.00% from June 9, 2018, 3.00% from June 9, 2020, 4.00% from June 9, 2022, 5.00% from June 9, 2024
|
Price: | Par
|
Call: | Bermuda call beginning Dec. 9
|
Pricing date: | May 16
|
Settlement date: | June 9
|
Underwriters: | Piper Jaffray & Co., RBC Capital Markets Corp. and BMO Capital Markets Corp.
|
Cusip: | 3134G9MM6
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.